SUCCESSION PLAN
HOW TO ORGANISE YOUR WEALTH & ASSETS?
Published By Livemint
| 31 Jan, 2023
Managing wealth helps our trusted family members during unfortunate event
Follow these steps to manage your wealth and create a succession plan
Jot down the list of assets and liabilities
Create a will that clearly makes the asset distribution
Organise all your documents in a single place to make it accessible to family
Regularly review your assets & liabilities like home loans, investments,etc
Try to maintain an investment that can equate your liabilities
A financial calendar will act as reminder for all bill payments to avoid penalty
Periodically review your health, home, life, term insurance and keep them updated
Seek investment professional’s help if asset management appears an overwhelming task