Majority of the family feuds in India happen due to the lack of proper estate planning. Most of the young aged people tend to postpone estate planning for a latter part of their lives. But estate planning shouldn’t be avoided as it adds uncertainties to families’ future. So it is always better to take control of life from an early age.
Also, many believe that estate planning is restricted to the rich only. However, it is not true. Estate planning is important for everybody and if a person is the only bread earner in the family, then it becomes more essential. With the idea of estate planning, people tend to get confused between a Trust and a Will. Often many opt for Trust, while Will was a better option for them and also vice versa. Below post will help one understand the differences between Trust and Will to choose the better