Estate & Succession Planning

Estate planning is the process of making sure your personal assets are handled according to your wishes after you pass on or become incapacitated. It involves reducing your estate’s exposure to taxes and other forms of liability while also avoiding probate as much as possible. Estate planning ensures that your personal assets are passed on to the right people as per your will. It helps avoiding litigation and delays in asset distribution.
Estate Planning (and will writing) is the systematic planning to distribute one’s Estate according to ones wishes.
Estate Planning is for everyone, not just wealthy people.  Estate is everything any individual owns, all their assets and Estate planning will define how their estate is to be passed on; What, When and Whom.
Estate planning would be a critical planning for;

• People with minor ChildrenTo specify who will care for children upon the untimely death of the parents.
• People with hereditary conditions of age-related Disabilities
• People in High-Liability Occupations
• People who own Assets in Multiple states or countries.

Popular Tools of Estate Planning are;

• Life Insurance policies
• Wills
• Trusts
• Hindu Un-divided Family (HUF)

At BMY Capital, we help you with  tailor-made solutions based on your estate planning objectives. while maintaining highest standards of integrity and professional ethics.

Succession Planning focuses on the business continuity, As people age or move on to other opportunities, they’ll leave your business, and the voids they leave behind need to be filled if the business is to keep going. Succession planning aims to make sure those voids are filled when the time comes. A Solid succession planning should result in a seamless business continuity when key personnel & leaders leave the company.