Ratan Tata’s will included his foundation, his brothers Jimmy Tata, his half -sisters Shirin and Dina Jijibhoy and his domestic employees. But there is still confusion on who will manage RTEF. Then a big question has arisen that who will get 15 thousand crores of Ratan Tata. Ratan Tata may not be among us today, but his work, memories and institutions made by him will always be remembered. But after his death, concerns about his assets worth Rs 15,000 crore have increased. The will of the Ratan Tata Endowment Foundation includes several names.
Confusion over the issue of property names continues
Ratan Tata’s will included his foundation, his brothers Jimmy Tata, his half -sisters Shirin and Dina Jijibhoy and his domestic employees. In his will, careful arrangements have been made for people close to him. Which includes the names of these people. This foundation of Ratan Tata will be run with his personal money. Through which social service work will be done. But it is still not clear who will be the trustees of RTEF. Because Ratan Tata did not give any clear instruction in his will. Now in such a situation, people associated with the Tata group can take help of a fair person to become a trustee of RTEF. According to an Economic Times report, retired Chief Justice of the Supreme Court can be made mediated in this case. This will determine who has the right to choose a trustee. People who fulfill Tata’s will, Tata family or Tata Trust members?
Ratan Tata’s total assets
Ratan Tata established RTEF and Ratan Tata Endowment Trust Organizations for social work in the year 2022. Which was being run with their money. Ratan Tata had a 0.83% stake in RTEF in the holding company Tata Sons of the country’s largest trading house Tata Group. According to the Hurun Rich List, Ratan Tata had personal assets of Rs 7900 crore. But his total assets were more than Rs 15,000 crore due to their stake in their companies. Ratan Tata spent his earnings on social service. In such a situation, it is believed that most of his assets will be managed by RTEF. While the remaining assets will be taken care of by the trust. All his vehicles including their luxury car will also be auctioned and the amount received will be donated to RTEF. Ratan Tata has R.R. Shastri and Burjis Taraporwala were made the holding trustee of RTEF. But there is no information about who will become the trustee of RTEF. Ratan Tata had named Darius Khambata, Mehli Mistry, Shirin and Diana Jajibhay as executors in their will. According to sources, the pillar is a senior advocate and also the executor of Ratan Tata’s will.
What can be the suggestion?
According to experts, the Economic Times reported that if there is no specific instructions about the management of the property usually, then it is the responsibility of the executives to work as per the will of the deceased.
