Estate Planning

Estate Planning

Estate planning is increasingly gaining prominence. Everyone who owns anything has an estate. You have worked your whole life to accumulate the property that you own. This includes a home, cars, bank accounts, stocks, bonds, mutual funds, life insurance policies, retirement plans, business interests, furniture, and collections. A will and other estate plans can include provisions to minimize the expenses of settling an estate and perhaps save on taxes. Planning ahead is the best way to assure, protect and manage your estate in unfortunate circumstances.  Estate planning refers to the process of building a bridge from one generation to the next one by passing on one’s assets. It is the process by which an individual or family arranges the transfer of assets in anticipation of death. Estate planning ensures that your wealth will go to those you want it to go to, so you can achieve your personal goals even after you are gone. Every estate is planned, either through an individual plans for the estate, or by default through rules established by the state and local governments. The purpose of estate planning is to ensure that you—and not others, such as the government or lawyers—choose who will inherit your wealth. A lifetime of assurance and hard-work goes into a successful accumulation of an estate. Over a period of time, the estate grows in size and worth. However, estate shrinkage due to lack of planning can defeat the original purpose. Thus, the importance of estate planning cannot be overstated. Protection of Assets: Estate planning is the secure and most risk minimizing method to protect the intrinsic value of assets. It allows continuous growth and increase in profitability and liquidity. Helps achieve the ultimate objective of conservation and preservation. Avoids the problem of insufficient income provision for heirs. Provides for a well planned retirement plan. Allows the integration of life insurance and other assets. Heirs taken care of: Estate Planning should be an integrated part of one's personal wealth-building strategy. Will ensure that the property is distributed according to the individual's wishes. Preserves the maximum amount of wealth for the benefit of the loved ones. Minimizes estate settlement costs. Avoids inadequate liquidity in the estate. Estate planning is one of the Premium service offered by My Fin Planner. We believe that Estate Planning is a process which can only be carried out by meeting in person. It is practically not possible for anyone to simply fill in the data and get the solution as there are many aspects attached to it. This process also requires consultation from many experts and hence can be done only by meeting and understanding all aspects and only after that estate planning can be done. If you are interested in Estate planning then kindly call on our Toll free number and our Relationship Manager will get in touch with you to seek your prior appointment. Our Expert will get the Estate planning done with Personalised service. (Refer Fees). If you wish to avail this service kindly call our Relationship Manager on Toll free number.

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