Estate Planning (and will writing) is the systematic planning to distribute one’s Estate according to ones wishes.
Estate Planning is for everyone, not just wealthy people. Estate is everything any individual owns, all their assets and Estate planning will define how their estate is to be passed on; What, When and Whom.
Estate planning would be a critical planning for;
- People with minor Children
- To specify who will care for children upon the untimely death of the parents.
- People with hereditary conditions of age-related Disabilities
- People in High-Liability Occupations
- People who own Assets in Multiple states or countries.
Popular Tools of Estate Planning are;
- Life Insurance policies
- Wills
- Trusts
- Hindu Un-divided Family (HUF)
At PurplePond, we help youwith tailor-made solutions based on your estate planning objectives. while maintaining highest standards of integrity and professional ethics.