What is Will/Testament?

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What is Will/Testament?
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Plan your Will today!

• Will planning is a critical task for everyone to
  ensure that all their hard-earned assets and
  investments are passed on to their loved ones
  after death. Will planning basically allows you
  to dictate how your assets will be divided and
  amongst whom after you pass away?

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Care for your dependents

• Without a valid Will, your assets may be
  contested for by other relatives causing your
  dependents to lose some of their share. In
  addition the legal fees and court hassles
  involved in claiming the assets without a Will
  can be extremely tedious and time consuming.

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Nominee is not the heir

• A lot of individuals avoid Will planning as they
  assume that the nominees on their assets will
  inherit the investment automatically. This is not
  true. The nominee is only a caretaker of the
  asset but is not recognised as a legal heir
  without a Will.

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Protect the interests of minors

• A Will allows parents to ensure that their
  children (if minor) are taken care of and will
  receive their share of the estate or assets when
  they come of age by appointing a custodian.
  Without this legal document, the older siblings
  may take majority of the share and leave the
  younger child with nothing.

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Dont worry about losing control

• A lot of people worry that if they plan their
  Will, they may lose control of their assets to
  the individuals they have named. Here, it is
  important to know that your Will only gets
  activated after your demise, as long as you are
  alive you retain full control of your assets.

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Every investment is important

• Will planning is not just for the uber-rich but
  for every individual irrespective of the size or
  amount of investments. Even a simple investment
  passed on to a loved one legally through a Will
  can help improve their future.

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Let the experts help!

• Will planning can be overwhelming for several.
  Here, to organise your assets and distribute them
  in the manner you would like, you can opt for a
  expert to help you draft your Will. This helps
  ensure that there are no legal hassles in the
  future as well as maintains an official record
  which cannot be contested by others.

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