Estate Planning
Estate planning is the process of arranging and planning an individual's succession and financial affairs. Estate planning services ensures the management of an individual's estate during and beyond his lifetime. Basically, it is the act of preparing for the transfer of a person's wealth and assets after his or her death. Assets, Life Insurance, Pensions, Real Estate, Cars, Personal Belongings, and Debts are all part of one's estate.
An individual's "estate" is an inclusive of all property owned by him at the time of your death including all bank accounts, life insurance policies, real estate, personal property and other securities.
No one likes to think about their own mortality; however Estate Planning is one of the most important financial obligation of an individual. ADV believes in the protection of wealth created by an individual throughout his lifetime. ADV offers Estate Planning strategies to provide its clients with the comfort and peace of mind given an unfortunate event.
ADV with its team of experts and associate consultants helps its clients tailor a structure to articulate and implement their vision for succession and continuity of the family wealth during their lifetime. Our in-depth experience in continuity of family wealth helps us to visualize the specific needs of each clients' family.
The various tools and methodology used for the purpose of estate planning includes Will, HUF, Trust Formation, creation of shareholding structure, Family settlements, Power of Attorneys, Gift deed, Reconstitution of Partnerships and LLP and like.
Our services under Estate and Succession Planning services includes the following:
- Will Drafting
- Trust Formation
- Gift Deed
- HUF Formation
- HUF Dissolution
- Structuring the Succession plan
- Advising on Succession related issues