Mistakes you must avoid for smooth transfer of assets
Some common pitfalls may hamper seamless succession of your assets
Let’s say you have created a legacy of assets during your lifetime and are keen that your family inherits these assets smoothly. With this objective, following legal advice, you prepare your will, and name your family members as nominees across asset classes. It would be reasonable for you to assume that the inheritance process will be effortless after your death. However, it may not be so—in spite of your foresight, some common pitfalls may hamper seamless succession of your assets. Here are three key practical aspects worth considering to mitigate the risk of hardship.