Creating Estate plan (Top 3 Reasons)

There are many reasons but mainly are three.

#1 Protection

You want to protect your assets and inheritors. You want to give all assets securely after death without delays and legal issues.

#2 Tax efficiency

You believe that your wealth is very important to you as you spend years in creating and building. So, it must have pathways after death to go to the right hands without tax implications.

#3 Obligation

It's not only a legal obligation but a moral and religious obligation. Legal because the government does not want to spend time and energy while you are not alive. Moral because it matters for your inheritors. Religious because estate distribution comes from inheritance or succession laws for Muslims, Jewish, Hindus, and others.

Siraj Rajpura

Siraj Rajpura is a professional consultant, an estate and wealth planning enthusiast, and a creative expert. Siraj is experienced in diverse fields, including development, project management, portfolio management, estimating, budgeting, forecasting, finance, wealth, debt management, estate planning, writing, designing, content management, coding, publishing, marketing, productivity, SEO, and strategy creation. Siraj has worked for over 15 years in various technical and non-technical positions in different national and multinational organizations before Wassiyyah. Siraj helped many create and optimize their estate and wealth planning goals, including asset consolidations.

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Why should you not use free online Islamic Will templates?

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Creating estate plans on Wassiyyah