What Is Estate Planning?
It is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. The various goals like making sure the greatest amount of the estate passes to the estate owner’s intended beneficiaries, ensure well being of family by applying estate planning tool.
What Are The Estate Planning Tools?
- Will
- Trust
- Nomination
- Assignment
- Insurance (debt payment)
- Lifetime Transfer
- Business Succession
- Power of Attorney