7 Reasons You Should Do Estate Planning

Outlook Money

What Is Estate Planning?

Estate planning ensures that your assets are managed and dispersed as per your wishes in case of death or a critical illness.

Divide assets

Clarity

The document clarifies asset distribution, explaining who gets what and their management.  

Control Over assets

Peace Of Mind

Your legacy will be inherited or managed by the selected heir or heirs as per your wishes, giving you peace of mind.

Planned Future of estate

Incapacitation

In case of an unforeseen event, like an accident or an illness, the person named in the estate plan can make the necessary decisions.

Accidental death

Family Harmony

Estate planning helps navigate the distribution of your assets as per your desire while minimising family disputes over property.

Family Disputes

Smooth Transition

A business owner must have an estate plan to ensure the assets are protected and can be passed on or managed by the family.

Smoother Transfer of assets

Wealth Protection

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

Protected property

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