Estate Planning is more important than you can ever imagine. According to Investopedia, ‘Estate planning is making plans for the transfer of your estate after death.’ Assets include cash, clothes, jewellery, houses, flats, lands, cars, policies, investments, Bank accounts, intellectual properties and many more. Your estate comprises of everything you own.
No matter how large or how modest your estate is, you need estate planning. People generally have a common misconception that elderly or substantially wealthy people need estate planning and the process is complex, time taking and pricey. However, it is not at all. Technological innovations have made estate planning easy, safe, convenient and affordable.