What is will & estate planning?
When it comes to safeguarding your legacy, creating a will and estate plan is one of the most important steps you can take. More than just distributing your assets—creating a will is about ensuring that your wishes are respected long after you pass away.
At 1 Finance, we assist you in writing a will that clearly outlines your wishes for the distribution of your assets and the management of your estate. We also ensure that your will is legally valid, safeguarding your legacy and preventing any disruptions in its execution.
How can 1 Finance help you with will & estate planning?
Comprehensive Will and Trust Creation
A well-drafted will is the cornerstone of any estate plan, ensuring that your wishes are carried out exactly as you intend. Our advisors work with you to create a comprehensive will that covers all aspects of your estate, including the creation of trusts if necessary.
Comprehensive Will and Trust Creation
A well-drafted will is the cornerstone of any estate plan, ensuring that your wishes are carried out exactly as you intend. Our advisors work with you to create a comprehensive will that covers all aspects of your estate, including the creation of trusts if necessary.
Centralised Document Storage
We offer centralised document storage with advanced encryption, ensuring your important documents—such as wills, insurance policies, and property papers—are fully protected. Your files are stored securely, giving you peace of mind that they are safe and accessible only to you when needed.
Centralised Document Storage
We offer centralised document storage with advanced encryption, ensuring your important documents—such as wills, insurance policies, and property papers—are fully protected. Your files are stored securely, giving you peace of mind that they are safe and accessible only to you when needed.
Beneficiary Designation and Asset Distribution
Designating beneficiaries and planning how your assets will be distributed is an important part of estate planning. At 1 Finance, we guide you through the process of choosing beneficiaries and making sure that your assets are allocated according to your wishes. We also provide advice on how to structure your distributions to minimise tax liabilities and ensure that your loved ones receive their inheritance as intended.
Beneficiary Designation and Asset Distribution
Designating beneficiaries and planning how your assets will be distributed is an important part of estate planning. At 1 Finance, we guide you through the process of choosing beneficiaries and making sure that your assets are allocated according to your wishes. We also provide advice on how to structure your distributions to minimise tax liabilities and ensure that your loved ones receive their inheritance as intended.
Regular Review and Updating of Documents
Life is constantly changing, and your estate plan should reflect these changes. It’s important to regularly review and update your will and other estate planning documents. Our advisors work with you to ensure that your estate plan remains current, relevant, and aligned with your goals.
Regular Review and Updating of Documents
Life is constantly changing, and your estate plan should reflect these changes. It’s important to regularly review and update your will and other estate planning documents. Our advisors work with you to ensure that your estate plan remains current, relevant, and aligned with your goals.
What do you get with 1 Finance?
All Your Documents in One Place
With 1 Finance, you get the advantage of storing all your critical documents—wills, trusts, insurance policies, and property papers—in a secure digital storage system. Our 100% secure, encrypted platform ensures your files are fully protected while remaining easily accessible only to you whenever you need them.
Customised Will Planning
We offer customised solutions for all types of will writing services, including Wills, Family Trusts, Probates, Executorship, and Estate Planning.
End-to-End Support
From the initial creation of your will to the regular updating of your estate documents, 1 Finance is here to support you every step of the way. We provide comprehensive assistance in every aspect of estate planning, helping you secure your legacy with confidence.
Frequently asked questions
What is a Will?
A Will is a simple legal document where you can state how you want your assets and belongings to be distributed after you pass away. It lets you choose who will inherit your property and name someone to handle your affairs.
Do I need a lawyer to write my Will?
While it's not mandatory to have a lawyer draft your Will, it's advisable to consult one to ensure it is legally sound and covers all necessary details.
What should I include in my Will?
Your Will should include a list of your assets, names of beneficiaries, the person(s) you wish to inherit your assets, the appointment of an executor, and any specific instructions for handling your estate.
Is it compulsory to register a Will?
No, it is not compulsory to register a Will for it to be legally valid. A properly written and witnessed Will is legally binding without registration. However, registering a Will can provide added legal security and reduce the chances of it being contested or misplaced.
What will happen if I don’t make a will?
If you don’t make a Will, your assets will be distributed based on your religious identity—Hindus under the Hindu Succession Act of 1956, Muslims following Muslim Personal Law, and others under the Indian Succession Act—which may not align with your wishes and could cause confusion or disagreements among your family members, leaving important decisions like appointing a guardian for minor children to the court.