ESTATE PLANNING

AMFI-Registered Mutual Fund Distributor

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Estate Planning

Estate planning in simple terms refers to the passing of assets/investments down from one generation to another. You decide how much of your estate – be it property(s), car(s), personal accolades, financial investments, etc. you want to pass on to whom and how, after your demise.

It is a dynamic process that needs to be reviewed at regular intervals to absorb any changes that might happen in our life or in the laws of the country.

Benefits of Estate planning

  • Ensures that all physical, financial and digital assets are passed on to your loved once without any legal hassles.
  • Reduces the beneficiary reduce tax outgo on account of inheritance.
  • Avoids complications, disagreements, bitterness and drifts in the family.
  • Helps you prepare in contingencies.
  • Helps you make provisions for minor children and children with special needs as per your wish.

Estate planning check list

  • Last will and testament. ...
  • Revocable living trust. ...
  • Beneficiary designations. ...
  • Advance healthcare directive (AHCD) / living will. ...
  • Financial power of attorney (POA) ...
  • Insurance policies and financial information. ...
  • Proof of identity documents. ...
  • Titles and property deeds.
  • Digital account login and passwords
  • Funeral wishes and instructions

We examine each item on the checklist to make sure you haven’t left any the decision for the chance.