Estate planning - to fulfill the estate owner's wishes as closely as possible

You own or anything which you will own after your death forms a part of your estate ,
 One's property moveable and immovable , vested and contingent , especially as disposed of in a will.
It includes both your current and contingent assets , that means assets you might own after your death , for example ,you were travelling in an airline and the aircraft crashed ,the airline paid compensation of your death , the compensation so received is part of your estate and you can distribute it according to your wish through a will .

Very few people want to think about their estate plan , as doing so mean thinking about scary events in future ,such as death and incapacity also because it involves awkward conversations with with family members .

But in reality , it's worth going through the psychological discomfort , time , expense of drawing up your will and other estate planning instruments because it will make you and your heirs life easier.

Estate planning instruments
1. Will
2.Trust
3. Private Trust
4. Revocable living trust
5. Society as a form of charitable organisations
6. HUF
7. Guardian ship


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