Today I Learned...
- Learn why having a Will is crucial in outlining your wishes, avoiding disputes, and ensuring your assets are distributed as intended.
- Explore strategies to reduce potential tax burdens for your family and beneficiaries
- Discover best practices for dividing assets among family members and beneficiaries, considering fairness and personal relationships.
state planning and asset distribution are important aspects of financial planning that can significantly impact your family’s future. In our recent webinar with Franklin Templeton, “Distribution of Assets: A Simple Approach to Shaping Your Family's Future,” led by legal expert Advocate Krishna T, we discovered the importance of organizing assets, creating essential documents, and minimizing tax implications for beneficiaries. Effective estate planning and fair distribution were key themes discussed in the session.
With over 18 years of distinguished legal experience, Advocate Krishna T. is a seasoned attorney specializing in various practice areas, including Consumer Redressal, Banking & Finance, Property matters, and Family Law. She is a Legal Advisor for esteemed organizations such as the Karnataka Co-operative Bank and the Navi Mumbai Municipal Corporation's Legal Aid Department.
Key Highlights from the Webinar:
📜Understanding assets and how to categorize them, including property, financial assets, and personal belongings.
💼 Importance of creating a Will and gaining insights into its purpose and benefits.
💰 Strategies to reduce tax burdens for family members and beneficiaries.
🤝 Effectively distributing assets equitably among heirs and beneficiaries according to their wishes.
📝 Importance of nomination in movable and immovable properties, and the difference between registered and notarized Wills.
Proper estate planning and asset distribution are essential for securing your family's financial future. By planning now, you can alleviate stress and ensure a smooth transition of assets when the time comes. A comprehensive estate plan helps avoid complications and disputes, giving you peace of mind that your family's needs will be met. Given the complexities of estate planning, getting advice from a professional who understands your needs is important. Consulting with an experienced attorney will help you create an estate plan tailored to your situation, ensuring your assets are distributed according to your wishes.
If you have any further questions or need assistance with Will writing, you can connect with us by filling the form here or by reaching out to our support team, and we will connect you with a legal professional or appropriate advisor. Remember, writing a Will is not just a legal requirement; it is a way to safeguard your loved ones and leave a lasting legacy.
This webinar is brought to you by Franklin Templeton. For more such classes on investing, mutual funds, and more, download our app from Google Playstore or connect with our team on WhatsApp.
