Distributing your wealth among your loved ones is one of the most important aspect of your financial plan success. Each one of us has to think about this regardless of our age, marital status, children or financial standing. But for an effective estate plan appropriate combination of documents such as Will, Trust or Other documents is important. This ensures your concerns, which may revolve around lower tax liability on your legal heirs when they inherit your assets, the security of your minor children’s and having a better control on your finances in case you become incapacitated, are effectively addressed.
I have following services related to Estate Planning-
1. Will – It’s one of the most critical elements of any estate plan. Dying intestate i.e. without documenting your wishes in a valid will, means your asset distribution among your legal heirs is decided as per succession laws stated under Indian Succession Act, 1925 and there is a higher probability of disputes arising among your family members. But by having a valid will you can eliminate such disputes which can arise in case of unfortunate event of your death. A Will have to be simple, explanatory and witnessed for its authentication.
Here, I help you in drafting of a right Will which incorporate your wishes of estate distribution. With a team of professional lawyer & accountant, there is a well-defined process of identifying your wishes and drafting a Will. So you can feel assured that you will receive a professional advice and your assets get distributed as you intended.
The fees for drafting a Will ranges from Rs 6000- Rs 10000 based on complexities involved. The actual cost will be quoted to you after understanding your requirement.
2. Private Trust - Although a Will can be written for bequeathing one assets, it has some limitations and so cannot be the only mode of estate planning. There are instances like a special need dependent, protection of business at an early death and many others where an effective tool is required. A private trust addresses most of such problems and can be beneficial in management and distribution of assets not only on your death but during your living. At times, combined with a Will, this tool is highly successful in creating an effective estate plan for your family. However, the formation of a private trust rest on many aspects such as trustees, beneficiary, taxation and other areas which need to be addressed.
Here, you get advice on creation of the right private trust structure for your family. With a team of professional lawyer & accountant, there is a well-defined process of identifying your requirement and drafting of the Trust Deed. Thus, you can feel assured that you will receive a professional advice and your concerns on your objectives get addressed.
The fees for drafting a Private Trust deed starts from Rs 60000. The actual cost will be quoted to you after understanding your requirement and the scope of work involved.
If you have additional questions or would like to know more about above services you can call me at +91 9971845454 or write at email@example.com
Disclaimer: The above illustrated costs are for advisory on drafting of the documents. If you wish to avail additional services on your estate planning, there will be separate fees which will be quoted to you well in advance and only after understanding the scope of our engagement.