Many people may believe they do not need estate planning because they are not millionaire and they do not have much estate. However, do you need to take care of your aging parents, your spouse, your minor children or other dependents upon your demise? Whether you know it or not, you already have an estate plan. Distribution Act 1958 (Amendment 1997) has one for you if you do not write a personal Will or designing a plan of your own.
In a nutshell, an estate planning encompasses wealth accumulation, wealth conservation, wealth protection and wealth distribution of an estate. Various estate planning tools and services that can effectively distribute your possessions the way you wish include Will, Private Trust, Executor & Trustee Appointment and Business Succession Planning.