Estate Planning
[vc_row][vc_column][vc_column_text]In life, only two things are certain-Taxes and Death.
Even when the death is certain, it leaves many uncertainties in respect of business, properties and assets in the hands of heirs, if not planned properly. This is more relevant in India where most of the businesses are family run.
The difficulties that may arise in case a person dies without proper planning as regards business or properties are immense. Planning can be done in a way the person sees its implementation during his lifetime or ensures it by means of proper documentation after his death. Tools for Estate Planning are:[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/3″ el_class=”sppb-addon-text-block sppb-addon-text-block-1″ css=”.vc_custom_1624102122365{border-right-width: 25px !important;padding-top: 0px !important;padding-bottom: 15px !important;padding-left: 25px !important;}”][vc_custom_heading text=”Will” font_container=”tag:h3|font_size:1.453em|text_align:left|color:%23000000|line_height:35px” use_theme_fonts=”yes” el_class=”title-holder”][vc_column_text el_class=”sppb-addon-content”]Will has been most common form for succession. A Will is a legal declaration of a person’s (testator) wishes regarding the disposal of his or her property after death. It takes effect after death.[/vc_column_text][/vc_column][vc_column width=”1/3″ el_class=”sppb-addon-text-block sppb-addon-text-block-1″ css=”.vc_custom_1624102138168{padding-top: 0px !important;padding-right: 25px !important;padding-bottom: 15px !important;padding-left: 25px !important;}”][vc_custom_heading text=”Family Arrangement” font_container=”tag:h3|font_size:1.453em|text_align:left|color:%23000000|line_height:35px” use_theme_fonts=”yes” el_class=”title-holder”][vc_column_text el_class=”sppb-addon-content”]Family arrangement is a tool that enables the adjustment of, actual or perceived, imbalance of the wealth among the family members. Realignment to the rights of parties related to each other in some way is made by a written document.[/vc_column_text][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1624102147128{padding-top: 0px !important;padding-right: 25px !important;padding-bottom: 15px !important;padding-left: 25px !important;}” el_class=”sppb-addon-text-block sppb-addon-text-block-1″][vc_custom_heading text=”Private Trust” font_container=”tag:h3|font_size:1.453em|text_align:left|color:%23000000|line_height:35px” use_theme_fonts=”yes” el_class=”title-holder”][vc_column_text el_class=”sppb-addon-content”]Trust is created by way of a Trust Deed where a person settles his property for the benefit of specified persons in the hands of Trustee. It’s very convenient and flexible mode of planning.[/vc_column_text][/vc_column][/vc_row]