Succession Planning & Will Writing

Succession Planning
Succession_ Will Writing

Legacy Transfer/ Succession Planning

Legacy asset transfer or Succession planning involves creating a comprehensive strategy to transfer your assets to your legal heirs or beneficiaries after your death. This process typically involves careful consideration of legal, financial, and tax implications to ensure that your assets are distributed according to your wishes while minimizing potential complications or disputes. Here are some key steps to consider when planning for legacy asset transfer:

Define your objectives: Start by clearly articulating your goals and priorities for asset distribution. Consider who you want to receive your assets, how you want them to be distributed, and any specific conditions or instructions you may have.

Creating inventory of assets: Create a detailed inventory of all your assets, including financial accounts, real estate, investments, business interests, intellectual property, and personal belongings. Determine the value of each asset and evaluate their significance to your estate.

Legacy asset transfer planning is a complex process, and the advice of qualified professionals is essential. Seek personalized guidance to ensure that your plan aligns with your specific needs, goals, and legal requirements.


Need Any Financial Help!

Call Us

Will Writing :

Writing a will is an important aspect for transfer of asset and securing the financial well-being of your loved ones. It allows you to allocate your wealth and assets according to your wishes and provides flexibility for modifications. Writing a will is an essential part of personal financial planning that guarantees your assets are distributed after death according to your wish. It is a binding legal instrument that specifies how your belongings should be handled and how your preferred beneficiaries should be paid out.

Why should you have a Will?

Asset Allocation:

Having a will allows you to define how your assets should be divided, which is one of its main advantages. You can ensure that your assets, such as real estate, investments, savings, and personal belongings, go to the people or charitable organizations of your choice by making a will.

Selecting a Guardian:

A will is essential for parents who have dependent children in order to name guardians. It enables you to name a dependable individual or couple who will be in charge of looking after your kids in the case of your untimely demise.

Eliminating Intestacy:

The laws of intestacy will govern how your possessions are distributed if you pass away without leaving a will (often referred to as dying intestate). This implies that your assets and belongings might not be distributed in the manner. You can decide who receives your assets by having a will in place, which reduces the chance of disagreements and guarantees your objectives are carried out.

The succession laws say that if a person dies without writing a will then it is considered to be in tested death and in that case applicable succession law will decide how your wealth will get distributed and your own wish in immaterial in that case. To avoid this circumstances it is important that one has to write a valid will.

Eliminating disputes between families:

A well-written will can aid in avoiding potential family arguments and disagreements following your demise. By stating your requirements in detail, you provide your loved ones a clear road map and lessen the possibility of conflicts or misunderstandings.

Our will writing services involve the following steps:

Step 1:
  • Explanation of what is Will?
  • Understanding your family circumstances and creating a list of your assets and liabilities
  • Assisting you in deciding how your assets and liabilities should be distributed
  • Gathering details of witnesses and executors
Step 2:

In this meeting, we present the final draft of the will to you and discuss any desired changes. If no changes are required, we provide you with the final draft for your approval.