Estate Planning

The most important part of the financial planning is estate planning, which people usually forget.There is never any specific age to make a will. It’s a plan that how effectively and smoothly your assets will get devolve upon your loved ones post your demise/incapacitation. For our entire life we are just busy creating assets but never think about how to protect them. As most of us believe that nomination and joint ownership is the way to move ahead but actually it is legally challengeable. The succession laws supersede the nomination and joint ownership. The instruments for estate planning are Wills and Trusts.

Points to remember

• START EARLY
• DONOT HESITATE TO CUT ON UNNECESARRY EXPENSES
• CREATE AN IDEAL INVESTMENT PORTFOLIO
• INVEST REGULARLY
• FOLLOW THE PRINCIPAL OF SLR ( SAFETY,LIQUIDITY,RETURN)
• INFLATION IS A NUMBER 1 ENEMY
• SIP, POC  & RUPEE COST AVERAGING ARE GREAT FRIENDS
• DON’T BLINDLY GIVE THE MONEY.
• KNOW WHERE THE MONEY IS GOING TO BE INVESTED. BEWARE OF PONZI SCHEMES
• HAVE A FINANCIAL ADVISOR WITH LEGAL KNOWLEDGE TO HELP YOU CARRY ON  YOUR LEGACY FOR YOUR GENERATIONS TO COME !!!!!