Importance of a Will in the financial planning
- A will helps avoid the court’s involvement in deciding on permissible succession and asset transfer issues
Financial planning does not necessarily end once you invest your money. It also extends to securing assets for your family. Succession planning by creating a will is very important: it allows you to make provision for matters involving the future security of your dear ones. A will typically helps you decide who should gain access to your inheritance and in what manner, and so on. It also reduces the chances of any future disputes among family members.