Outlook Money
Estate planning ensures that your assets are managed and dispersed as per your wishes in case of death or a critical illness.
The document clarifies asset distribution, explaining who gets what and their management.
Your legacy will be inherited or managed by the selected heir or heirs as per your wishes, giving you peace of mind.
In case of an unforeseen event, like an accident or an illness, the person named in the estate plan can make the necessary decisions.
Estate planning helps navigate the distribution of your assets as per your desire while minimising family disputes over property.
A business owner must have an estate plan to ensure the assets are protected and can be passed on or managed by the family.
The absence of a will may expose your assets to misuse, but a will ensures your possessions are taken care of as per your wish.
Compiled By Himani Verma