Succession Planning
Most often we pretend to think that we are immortals and delay or postpone on making important decisions as regarding making proper nominations, wills or succession planning in terms of heritance of movable, immovable property and business succession-plan. Yes, in the absence of proper title creation through succession planning battles are fought by family members within the families and courts by defeating very purpose of creator of wealth. Money breeds enmities and the peace of families is shattered because of the grabbing the wealth by powerful and influential at the cost of simple and powerless people. It is not only important to earn money or to manage money through sound investments, but it’s also important to set the title clear as if today is your last day. Every born person has to die and only time is not known. Hence, wisdom lies in preparing for the death at any time by documenting the intention of wealth distribution so that all the family members can inherit their share of wealth and live with peace & serenity. Money should not destroy families but increase the love and happiness. One should take the professional help for estate planning & succession planning.
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