Best Estate Planning Companies in India

 

Estate Planning

The process of anticipating and arranging, during the person’s life, for the management and disposal of that person’s estate during their lifetime, unless and until the person becomes incapacitated or dying. This type of planning includes the bequest of assets to their respective heirs, in addition to minimizing gift, estate, generation-skipping transfer, and taxes.  

The process is ascertained to reduce or eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses.

Over and above, estate planning mostly depends on the estate owners’ goals. This planning sometimes might involve byzantine phases, or be simpler than expected goals, however, as I said; it all exclusively depends on the estate owners’ goals. In such circumstances, the estate planning is designated to guardians for minor children, while beneficiaries in the case of incapacity. Continue reading to know what the best estate planning companies are!  

Top estate plans are:

•    NexGen Transfer: one of the crucial situations after death is choosing the nominee for the assets you leave. It would be even worse if there is no legal Will in place. Ultimately, this might instigate serious disputes amongst family members over your estate and assets. Moreover, this generation is replete with avaricious people, who always want a bigger pie, no matter whether it could devastate the peace and happiness of the family or not. So in that case, an estate planning company like NexGen Transfer is exceptional, where they affirm how to write a will, and demonstrate the perception of trusts, and other estate planning issues. On the whole, NexGen Transfer with its specialized estate planning team has been working in this field for more than thirty years, in over 151 countries. They know how to carry out succession planning, inter generational wealth transfer, trusts, nominations, and wills. Estate planning companies are important if you want someone to determine how your asset can be preserved, managed, and distributed after your death, or the moment when yours become incapacitated. The whole planning involves making a will, which sets up trusts or makes charitable donations to limit estate taxes. They name an executor or beneficiaries and lastly carry out the funeral arrangements. Having that said, a will is a legal document that provides in-depth information about the person’s property and custody of their minor children after the person's death. Besides, writing a will, most major estate planning companies follow supreme succession planning steps, such as; 

•    Limits estate taxes by setting up trust accounts in the names of beneficiaries.

•    Establishes a guardian for the custody of minor children, if any. 

•    Creating or updating beneficiaries’ details on insurance, IRAs, and other important estate-related documents. 

•    Sets up funeral arrangements 

•    Establishes annual gifting to non-profit organizations and charities, to reduce the taxable estate. 

•    Sets up an estate law experienced power of attorney to direct other types of assets and investments of the individual. 

On the whole, NexGen Transfer renders a serviceable company, which is enclosed by well-experienced leading lawyers. Moreover, they organize complicated wills with the aid of qualified CA, Tax, and Financial planners, plus make sure the system is regularly updated and improved. In case of emergency, they provide clients a house call option for immediate response and solution. From rendering will & trust services to auditing estate, writing will and other legally necessary documents, protection to minor children (if any), trust-related services, bereavement advice,  power of attorney services, estate plan, estate planning advisory services.  

•    Khaitan & Co:  working for more than 100 years, Khaitan and Co has its expertise across every corner of the globe. They have been flung well on legal developments and trends lately, where actively publishing articles, creating client engagement, engaging with legal significance for the better understanding of legal policies in the case of will and trust. Each team assigned by Khaitan & Co is specialised to deliver each type of service. Speaking of which, they provide up-to-date services on banking & finance, capital markets, corporate related-subjects, privacy and protection, indirect as well as direct tax, dispute resolutions, and many more estate related concerns.  Lastly, they provide regular and latest services on drafting, safekeeping the estates, executorship, administration, probate, review & revision of the important documents, minor trusts, special care towards minor children and nominees, business value protection, credit protection, testamentary,  and many more. On the whole, this 100 year old estate planning company has been delivering an exceptional, flexible, responsive and knowledgeable team on ground to clients, when it comes to estate planning. 

•    Indian money: A good estate planner is defined on the basis of how righteous they are, in terms of inter gritty and ethics. Followed by, high proficiency in estate planning laws & documentation extent, a personality that people can lean on, both in times of personal and professional related issues. And especially, the ability to comprehend the needs of the individual and rendering prudent advice. Eventually, Indian Money is a full-on package of all these services. Since 2008, Indian Money has been providing free financial advice to clients prior to jumping to conclusions. They have a keen note of providing absolutely free and fair advice and also clear doubt on any kind of financial-related queries, such as insurance, mutual funds, loans, bank accounts, deposits, stocks or real estate properties. So having that said, Indian Money makes sure that you have prevented financial and legal grief to the assigned one, and helps the beneficiary reduce tax outgo on account of inheritance. They are always open for anyone who seeks a legal opinion, by teaching the importance of wills, trusts, and also about the forced heirship rule.

OVERVIEW: 

Death is inevitable, same as the estate planning has to be. Seeking legal opinions of a trust estate planning company could help you to legitimately understand the dynamic process of financial planning. Approaching an estate planner sooner is better than never, so what are you waiting for, decide how much of your estate, be it property, personal finance, assets, investments, you want to pass on to whom and how, after your demise. 

For more information visit us & call us at 9599445568.

Making a Will, Wills Online, Living Will - Draft of a Wills

 

Making a Will

With the rapid realization about succession forethought and the expansion of digital penetration, Indians have begun taking Online will creators’ services. Generating an Online will is comfortable, favorable, and is a low-priced alternative to employing a lawyer for the job. Making a will Online is undoubtedly cheaper and ensures the absolute privacy of the person who is writing the bill. It Is more like DIY, and besides it, there is a brief instruction from a group of legal professionals for drafting the will.

Making a Will Online – Living Will

Although there are numerous ways of handing over your wealth to the next generation, needless to say, Making a Will on an Online platform is safe and convenient. It imparts digital information regarding your financial assets, investments, property details, and to whom you wish to transfer all your property, money, and assets after your death. It is time-saving and highly secured. One can make a Living Will in just 45 minutes. Digital allows you to clear out differences and conflicts, moving ahead with the process. There is always a scope for editing and changing the will according to your desire hassle-free without hiring a lawyer for that.

Make a Will Online

Experts believe that making a will is extraordinarily vital and necessary. However, unlike developed countries, there is no coherent law in India which states a Living will be mandatory. Therefore, make a will online is far better than not making it! Online will is simple, secured, and flexible. The usage of the website and mobile phones, for that matter, is entirely safe. You need to pay an online fee of 2500- 3000 rupees through internet banking, debit card, and credit card. There is the emergence of Digital platforms that provides services for creating an Online will.

NexGen planners are encouraged by AFFM India to act as a partner for Financial Advisor planners on estate and proceeding planning matters. NexGen understands that thinking about drawing a will can make you anxious and skeptical regarding the whole process. Their expert members would briefly assist you regarding documentation of will, its importance, and other essential value-added services that clients can avail of to safeguard their dear ones’ future. They have an extensive range of will writing services, ensuring authenticity and solution-oriented results from their end.

Their members ensure the smooth process of passing on your assets smoothly and conveniently. They would look into the matter closely, study individual circumstances, and evaluate asset profile objectives. Based on the detailed evaluation, they would guide with useful advice and solution so that the asset would be transferred to an intended heir in a hassle-free manner. Our wide range of will writing services includes will validation, will drafting, registering wills, safekeeping, formalizing, and executorship services. We avail both online and offline services for will writing. So if you want to utilize our will drawing services at the comfort of your home, we are more than happy to assist you.

Indian Procedure of Outlining and Registering Wills Online

Wills Online

A will is an essential document that declares all the important intentions of a testator concerning how they want to dispose of their assets after their death. It is also a unilateral document that only take its effect after the death of the testator and defines informed decision regarding the way they want to distribute their wealth, property and all their assets.

If you are tired of researching ways and procedures to create wills online or if you have been continuously searching for prominent trusts in Mumbai, you have come to the right place. Registering a will online with the help of NextGen transfer will not only make the entire process seamless, but it will also make sure that your will is drafted, registered, executed, and administered with the utmost professionalism.

But first, let's understand what a will is and why is it so important to plan and create a will?

What is a will?

By definition, a will is a legal document that is a declaration by a person regarding the distribution of their assets and wealth after their death. A will is responsible to name all the individuals who will and are subjected to receive the possessions of the testator after their death. The individuals mentioned in the will can be family members, relatives, friends, or even colleagues who the testator trusts. The legal document that is, the will can be used, edited, or substituted by the testator (executing person) at any point while or during their lifetime.

A will can also act as a legal document that highlights the succession planning for a company or business as desired by the property holder. A will can also be easily modified to assist with the transfer of trust deed where you can easily decide who you wish to hand over the legal title of your beloved property. The receiver can only be a third party in the case of a trust deed. A third party can be a bank or even a title company that can handle the financials of the real estate property.

Why do I need to create a will?

Will planning is important as a legal document that can always act as a backup or an inventory of possessions that can be left behind by the deceased. Creating a will makes sure that none of your decisions related to your assets are tampered with. As the will is always kept in the safe custody of a registrar, the will cannot be destroyed or stolen. Registering a will online also makes sure that no other person than the testator and executor can access or examine the legal document without a written permission. Another advantage of registering a will online is that you can easily get professional help and assistance from online estate planning solutions service providers who can help you draft, register, execute, probate, and administer your will.

Why online will?

Most experts suggest people not write their own will or carry out a “DIY” while drafting their own will. It is not always advisable to draft and execute your own will because you might not have the appropriate expertise required to create a will. You may not be able to identify the things to be ignored or avoided. In case you draft a wrong will, you might end up in court and the will might not help you realize your goals. Here's what may happen in case you don't seek expert assistance for creating, outlining, and registering a will online from estate planning solutions service providers.

•    You might miss on the residuary clause
•    Wrong wills might drag you to the court, causing future problems
•    You may not be granted a probate
•    You might end up falling into certain legal implications
•    The will may not function as you desire and wish

How can NexGen help create trust deed and will online for proper succession planning?

NexGen being a leader in drafting and vetting wills and trusts deed shall be able to assist you with the help of their experienced lawyers in the dynamics of will creation. With a team of experts with years of experience, NextGen assembles the help of their in-house team of qualified chartered accountants, financial planners, and a panel of consultants to work on complex wills and trusts deed. NexGen also follows a straightforward but complex system that's unique to ensure that all of their Estate Planning Solutions and will, trust services are in tune with your requirements.

NexGen follows a more practical approach where they draw their solutions from their experiences with other clients and eradicate all possible risks and errors to ensure streamline will drafting and estate planning.

The process of outlining and registering wills online and the creation of the trust deed begins with the drafting. The latter process includes safekeeping, executing, probate, administration, review, and revision. For Trusts Deed, NexGen offers services including asset protection, life insurance, living trust, special child needs, business value protection, and the formation of several types of trusts.

Concluding, NexGen leads you throughout the complete registration process and offers guidance by accompanying you to the office of the sub-registrar. This ensures that your Will is registered safe and the process becomes hassle-free.