Estate comprised of everything you own such as real Estate, Jewellery, Financial assets (Shares, Bonds, FD’s MF). Almost everyone has estate. Some may have the large estate and others modest, but the fact is everyone has an estate to pass it to the love ones as nobody can carry it, when he/she die. The question is how to plan the same in order to distribute it to the love once. That requires proper planning so that one can have control on who all can receive the estate, what are the things they are going to receive and when do you want them to receive the same. That is called Estate Planning- to make a plan in advance stating that whom you want to receive whatever you own after you die. Estate planning is not only for the elderly, retired or wealthy persons, it is for everyone who wants to pass the inheritance to the next generation. Estate Planning may include the Instructions for passing the estate you own, instructions for your care in case of any disability, Transfer of your business etc. It is a very essential part of financial planning. If you died without a proper, you’re your assets will be distributed according to the probate laws of the state and not as per your choice.
Estate planning also help us to organise our records, correct titles and beneficiary designations. An estate plan can begin with WILL OR TRUST. Properly prepared plan will give you and your family peace of mind. We at Manek can help you to prepare that plan so that you can pass on your inheritance to your love once the way you want them to receive it.