Network FP Thinktank is an Online Professional Journal by Network FP wherein we share the articles written by top-class financial advisors and industry thought leaders from across India and the world.
Is Family Trust Safer than a Will?
Jatin Popat
Founder, Willjini.com
September 13, 2019
Reading Time: 4 minutes Time and again. we have emphasized on the need for financial advisors to keep up with the various tools, techniques, approaches, methods and ideologies that can help them manage their clients’ money more effectively. Succession and estate planning is a very crucial and vital aspect of money management. This week, we have Mr. Jatin Popat talk about the concept of a Family Trust as a tool to effect succession of assets and businesses in a more streamlined way as compared to other means like a Will. He breaks down the concept to the fundamental level and takes a through a quick crash course on this topic. The hope is to enable you to advise your clients better so that we can evolve to a society that does not see rampant cases of unresolvable property disputes, locked assets, long court battles, alienation of genuine beneficiaries from a bequest due to ineffective succession planning and unnecessary family feuds. Read on and do share with us how this piece helped you to help your clients better.
Read More