fbpx

What is Estate Planning?

Estate planning is regarded as an advanced arrangement of how all properties and investments are managed when someone passes away. This process is essential to avoid possible disputes and arguments in regard to these assets.

What to do in estate planning?

From testators’ side, estate planning includes two key tasks:

–       Strategy Development: Final decisions on heirs, beneficiaries and general guidance specifying how to equally and effectively distribute assets to them.

–       Will Preparation: The official legal proof and final reference for asset distribution.

Why do we need estate planning?

Mentally, estate planning enables a warm peace of mind and fulfills happiness for will maker. Materially, this step ensures equality and clarification among nominated beneficiaries. In terms of laws, estate planning which follows property law specialists’ advice facilitates law force of a will, lowers the risk of disputes.

Will Maker, Estate Planning, Will Preparation, Beneficiaries, Heir
Share on facebook
Facebook
Share on linkedin
Linkedin

Related Articles

Tips for buying land to build new home, What to know when buying land, land for sale

Tips for buying land to build a new home

Our professional team has gathered the following valuable tips which might be available to avoid possible discouraging sentiments when you have intention of having a built house in the country.

Where Should to keep Will, Keeping Testament

Where should I keep my Will

As a valuable document, a will should be kept in a safe place when it is completed. There are some recommended options that you might take

Follow us

Let Our Experience Be Your Guide 

Get Your First Consultation Now

Legal Insight

what is a Power of Attorney?
What is a Power of Attorney?

The authorized agent can be subjected to full or limited legal power to make decisions about the principal’s property, finances or medical care.

What is a Will?
What is a Will?

A will or a testament is a legal document by which a person, the testator, expresses their wishes or desires as to how their property and possessions is distributed.

Subscribe to our newsletter

Save time

Book Appointment

Whether you want to book an appointment or get enquire, just go from here.

iLawyer

Go online and self-book to join your appointment by remote video or phone call.

We can help

Scroll to Top

Request a call back now