Sinhasi Consultants Pvt Ltd , along with our associates, Crestlaw and Partners, Advocates & Solicitors, Bangalore, provide the important service of Will and Estate Planning.
Here is a quote from Benjamin Franklin:
“In this world nothing can be said to be certain, except death and taxes.”
Yes, we all have “to go” one day but nobody actually prepares for it! Being in the personal finance space we do financial planning for our clients keeping average life expectancy of 85 years. Of course we always wish our dear ones a healthy, happy and fulfilling long life. However, the bitter truth is that nobody knows when the time “to go” will come. So keeping all emotions aside, it is best to be practical and prudent when it comes to your assets and investments after you. This is only to ensure that all the efforts you have put to earn your money and investments over the years of service go into the right hands after you.
So we are here again emphasizing the importance of Will and Estate Planning. What is this all about?
Estate planning is a process of making proper arrangement for the protection, preservation and provision of a person’s total assets for the benefit of his or her family and loved ones via a Will. It is a legal declaration wherein this document comes into effect the moment its maker dies.
If you have already prepared a Will – Congratulations! If not, then the time to do so is NOW rather than later! A Will is a document you create to direct the management and distribution of your property and provide for the care of your minor children after your death. The importance of a Will cannot be overstated. It is arguably the most important legal document that a person will ever sign, and yet most adults fail to do so.
For example, if a person dies “intestate” (i.e to die without a Will), the laws of some religions, community or jurisdictions require distribution of the estate to the deceased’s spouse and/or children, next closest group of living relatives or to the government if there is no identifiable next-of-kin. As you can see, the risks associated with not doing an estate plan are many. But to name a few, the client’s property transfer wishes may go unfulfilled; fall in wrong hands, or not in a proper manner. Secondly, the transfer costs and taxes are can be expensive. Last but not the least, the hassles involved are many and probating a will is very time consuming .
And today, a Will surely assists in the easy transfer of property and assets to the legal inheritors.
So if not done already, we strongly suggest you to prepare a Will and assign a nominee for all past and future financial instruments. A small step can save a lot of trouble to your legal heirs / next-of-kin.
Here are few points to remember about Will:
* Any adult of sound mind can write a Will.
* Will written legibly or typed by you on a plain paper is as legally valid as one prepared by a lawyer as long as it is signed by you and attested by two witnesses.
* Assets can include physical property, jewellery, all financial investments, art and artifacts, digital property and even cash.
* You can make as many Wills you desire, it can be cancelled, revoked or varied to suit the maker’s circumstances but the last one will be considered as final one.
* In case you get divorced and remarry, a new Will is required to distribute your estate.
* There is no such thing as a joint Will, every person should have their own Will.
For more details please mail us on email@example.com
June 2nd, 2020 is indeed important for us. Today we celebrate our 15th year of being able to provide financial advisory and service excellence to our esteemed clients, – perhaps even more special during these very challenging times.
Having been in the financial advisory and services business now for almost 22 years, and having seen many ups and downs, this day in indeed special.
The true essence of a financial planner or advisor is to play that vital role as a ‘trusted partner’ in being able to ‘guide’ our clients through their finances as they journey through their various stages of life. We at Sinhasi have been given this great opportunity to partner our clients in managing their finances with the underlying credo to Protect, Enrich,and Nurture their wealth.
We at Sinhasi evangelise that financial advisory and planning is not merely a “service”. It is indeed a “trusted experience” for a lifetime, based on fundamental pillars of trust and mutual respect that is shared between the advisor and the client. And our aim is to strive to make a difference in each of our clients’ lives.
At Sinhasi , we believe in the importance of keeping a ‘Steady Mind during turbulent times’. And this can be achieved only with many many years of strict adherence to best practices and processes being followed at all times, good times and bad times, without losing focus on long term goals for sustainable financial success. This is the basis of our Uniquely Customized Sinhasi Holistic Financial Plans. Contingent plans with defined financial goals, proper asset allocation, and risk profiling are the key to achieving balance and sustainable returns and navigating uncertain times.
I personally have always believed that managing finances and wealth of our clients is indeed a very serious business. By managing our clients’ investments, plans and portfolios, we become accountable for the past, present and future of each one of our clients, their responsibilities as well as for their families. Therefore, our commitment to the client has always been complete, and we see it as a privilege and life-long honor to manage wealth for our clients. Every step we take will only be in the best interest of our esteemed clients”.
Our ‘Wealth’ is our Clients. Today we celebrate 15 years thanks only to them.
We at Sinhasi ‘believe’ that we can all chase our dreams without fear when we ‘know’ we are on “top of our game” with regard to our money and finances and are certain that our finances are growing prudently.
We at Sinhasi ‘aim’ to build enriching relationships based on trust and mutual respect with each one of our clients so that they can feel ‘on top of their game’ as we grow their wealth in a simple, disciplined, and holistic manner.