7 easy steps to draw your estate plan
Writing a will is just one aspect of drawing up your estate plan. You need to take stock of your assets and liabilities and who your beneficiaries are. Some of your beneficiaries may also be conditional.
Where there’s a Will there’s a way: Avoid making these common mistakes with yours
Estate planning is often left for the last minute, kept secret even from beneficiaries, and not given priority. Such mistakes can be harmful.
Family governance: A conflict-free structure for passing on your wealth to heirs
Family governance is a set of rules put together by a family. This set of formal and informal rules structures the decision-making processes in family businesses
Will or Trust? The key choice to make in estate planning
A good estate plan not only addresses your current needs, but also assesses all possible tools considering your unique circumstances
Why writing a Will is not a one-time exercise
You should keep reviewing your Will periodically. It must factor situations such as birth, death, marriage of a family member, purchase of new assets and legislative changes
Estate planning: A necessity at all life stages and for income levels
In the absence of a Will, intestacy laws will ascertain how your assets are passed on, which may go against the interests of your loved ones
How to make a solid estate plan during these pandemic times
If you do not have an estate plan in place, the distribution of your assets would done according to the government’s intestate succession laws
Afraid to write your Will? Here is how to overcome your fears
Aside from thinking of death when it comes to making a Will, many of us procrastinate on our estate planning because we think it could lead to a family feud later. Ironically, not leaving a Will behind can lead to a family feud later.
- 11 Types Of Equity Mutual Fund Schemes & When You Should Invest In Them | Invesco Mutual Fund Watch more
- How To Buy Gold This Festive Season Watch more
- Best Credit Cards For Shopping This Festive Season | Credit Cards For Online Shopping | Festive Sales 2022 Watch more
- What are corporate bonds and how to invest in them | Personal Finance Watch more
- Some Useful Tips On How To Choose Your First Credit Card Watch more