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Module Units
- 1. Introduction
- 2. What Is The Need To Involve Your Family In Financial Matters?
- 3. Debunking The Myths About Succession Planning
- 4. Tools For Succession Planning
- 5. Nominee
- 6. Nomination vs. Assignment
- 7. Will
- 8. Disadvantages Of Not Writing A Will
- 9. Online Or Offline Will
- 10. Witness And Executor To The Will
- 11. Registration Of Will
- 12. Gifts
- 13. Comparison Between Gift And Will
- 14. HUF (Hindu Undivided Family)
- 15. Properties Or Assets That Can Be Classified As The Assets Of A HUF
- 16. What Happens In Case Of Death Of The Karta?
- 17. Partition Of HUF
- 18. Trusts
- 19. Types Of Trusts
- 20. Practical Matters – Investors
- 21. Mandatory Registration
- 22. Pitfalls Of Forming HUFs
- 23. Comparison Between Will And Trust
- 24. What Your Family Should Know Before Your Death?
- 25. Conclusion
Conclusion
So, now that we are at the end of this module. You are probably by now convinced about the fact that Succession Planning is extremely important in everyone's life. Every individual should make a plan for succession planning to avoid any discrepancies among the family members. You should probably take the help of any chartered accountant or a lawyer to create a Will. No matter how wealthy you are, succession planning is necessary for everyone. Hope the learnings of the module will help you while preparing your own Will at some point of time in your life. If you enjoyed reading this module, share it with your friends. And there are also a number of modules we have curated for you on ELM School. Do check them out for more such interesting content on finance.
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