Will Creation: Secure Your Wealth and Ensure a Smooth Inheritance
We specialize in will creation, wealth distribution, and succession planning. Act now to make your will at your preferred time and place to avoid intestate succession and ensure a seamless inheritance for your loved ones.
Why You Should Make a Will: Myths and Truths
In India, we often focus our planning efforts on taxes, but planning for death is equally important. While death is certain, the timing is uncertain, which is why we need to engage in succession planning for our family and loved ones. This planning is referred to as a will. However, aside from life insurance, very few of us take the necessary steps to make our will.
Many of us hold onto myths surrounding the subject of wills. Below, we clarify these myths with the truth.
Myths (M) & Truth (T)
(M): I don't have anything to give away.
(T): Everyone has some wealth or assets, often with emotional significance. Without a will, your wealth distribution planning will be incomplete.
(M): I am still young; I will do it after retirement.
(T): Since you cannot predict when you will die, it's never too early to make your will.
(M): My assets will anyway pass to my family members.
(T): It's a misconception that assets will automatically pass to family. In the absence of a will, the distribution of your assets will follow religious and Indian law. A court will appoint someone to manage your assets or care for your minor children, which may lead to your assets being given to someone you did not intend. Your loved ones may face challenges in transferring your assets.
(M): I have nominations.
(T): A nominee is not a legal heir; thus, a nomination alone is insufficient.
(M): I don't have time to go to a lawyer or advisor. I don’t know a proper advisor or lawyer.
(T): Making a will is straightforward. Now more than ever, you should get in touch with us to ensure you can make your will and have it in your hands.