2. • Everybody is busy creating wealth, but have you ever
thought what will happen to your wealth once you
are no more.
• In India people give least importance to the subject
of estate planning i.e. what will happen to their
estate once they are gone from this world.
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Current Scenario
3. • Estate planning is the process of anticipating and
arranging for the disposal of an estate.
• It is done through
• Will
• Trust
• Power of attorney
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What is Estate Planning?
4. Wealth
Accumulation
• Saving, Investing for your future goals like
Retirement, Children Education, House,
etc.
Wealth
Distribution
• Utilizing wealth for different goals.
WealthTransfer
• Transferring yourWealth to next Generation
• Wills,Trust, Power ofAttorney, Gifts.
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Why it is required?
Understand three phases of wealth in our life:
1. Wealth Accumulation 2. Wealth Distribution 3. Wealth
Transfer
5. Majority people in India focus only on first two stages-
1. Wealth Accumulation
2. Wealth Distribution
But when it comes to Wealth Transfer most of them
don’t have any concrete plan.
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6. • To make sure that their assets are distributed according to
their wishes.
• To avoid litigation and conflict.
• To provide for minor children in case something happens to
their parents.
• To address the needs of a special child.
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Why everybody should do Estate Planning?
7. • Lack of awareness.
• They think it is not required.
• They think it is too complicated.
• They think it is only for people with huge wealth.
• They think nomination is sufficient.
• They think it has to be done when person is on death
bed.
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Why people don’t do
Estate Planning?
8. • What is the use of working hard to create wealth if after your
demise it is not distributed according to your wishes and your
loved ones have to undergo lot of legal hassles' to attain it.
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9. • Start thinking about distribution of your estate if
something happens to you.
• Create your will.
• Check nominations on all your investments and
insurance holdings.
• Finally, take help of a qualified professional to do
your Estate Planning.
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Essential’s for
Estate Planning
