Have you thought what would happen to your assets and property if you suddenly die?
You have toiled and put efforts to create assets.You need to protect them and ensure that they are passed seamlessly to your family heirs. Estate planning is a way to ensure that you create financial security for your family by taking the necessary steps to ensure smooth transition of assets.
There is a myth that estate planning is only for the rich and you can look at it post retirement. But life is uncertain and to protect against this uncertainty one needs to seriously look at estate(succession) planning.
Estate(Succession) planning ensures that all your assets – physical, financial etc are inherited by the people to whom you want them to be transferred after your demise. Not doing it will have lot of complications for your family including lot of time spent on court and other legal matters.
Therefore, although being optimistic is a good thing, it is vital to anticipate even the unexpected and take necessary steps towards estate(succession) planning, while we build wealth to sustain ourselves and our families.Broadly succession planning is done in two ways through either writing of a Will or through creation of a Trust.
Trugrow would work with you to create your succession plan which is customised as per your needs be it a will or a trust. We offer you end to end solutions in Estate planning.