The processes of accumulating and planning disposal of your estate in line with your specific goals and wishes to ensure that your estate passes to your beneficiaries as smoothly as possible.
Estate includes all the assets, owned singly or jointly, you own or have control of at any time. This includes real estate, bank accounts, bonds and stocks, cash, businesses and establishments, jewelry, collections and even retirement benefits.
Some of the benefits are:
- The process of tabultaion helps you identify in one place all the assets, their mode of holding and nomination.
- Post tabulation, it becomes easier to identify assets that you want to bequeath to your family members, relatives, friends, pets, charities etc.
- You ensure that the bequeathal happens as per your wishes and that your family doesn’t have to deal with deciding on who will get what portion. Taking away this decision, by itself, lessens the probability of disputes.
- Based on your wishes, you may consider setting up a trust to stipulate how and when the beneficiaries will receive their share of assets or income from assets.
- You can plan for an event where you are incapictated and neither you nor your family are able to access your wealth.
- You may create Power of Attorney and appoint someone whom you trust to take care of your financial matters in case you become physically or mentally incapacitated.
- You can direct a certain amount of your wealth to social causes.
Estate Planning is one of the most thoughtful and considerate things you can do for yourself and for those you love.
We can work with you to put structures in place for the smooth transfer of your wealth.
