A simple truth: Death is sudden but succession can be planned4 min read . Updated: 14 May 2017, 09:22 PM IST
Here are various aspects on risk management, estate planning and succession planning
When I am writing this article, the primary objective that is running through my mind is “What happens if someone were to pass away suddenly?" It is a sensitive subject to bring up for anyone and typically we postpone this thought and make ourselves believe that nothing unpleasant of that sort will happen to us for now. While it is true for the most part of it but is the risk well-managed for the survivors in the family? We know about our own and, in general, mortality of living beings but we tend to ignore about this aspect. Two recent deaths—one of a close family member and the other a client who became dear friend over years—compelled me to pen down the various aspects on risk management, estate planning and succession planning.
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