Wealth Management | Investment Advisory | Private Trust and Wills

For transferring an estate to the heirs, private trusts and wills are being used all over the world. Private trust and wills are financial instruments that have a similar purpose and they can be used either separately or together. Hence, if you want to transfer your estate to your heirs in a smooth manner then you can also utilize these two financial instruments.  Despite their similarity, both financial instruments have several differences. Some of the key differences between a private trust and wills are as follows: - • A will is a legal document that drafts your wishes for how your estates should be distributed amongst your heirs after your death. On the other hand, a trust is an arrangement that authorizes a third party to hold and manage your estates on your behalf even when you are well and alive. • In a will, all of your estates go through the probate process after your death. The probate process can be very lengthy process and can be time-consuming and expensive. But on th...

In recent times, a lot of people are hiring wealth managers for managing their personal wealth. If you also want to manage your personal wealth in a better way then you can also consider hiring a wealth manager like Vikram Sengupta . However, there are a lot of myths circulating around wealth managers. If you are also having similar doubts about wealth managers then you should read the following myth busters: You need a wealth manager only during making a retirement plan  One of the most common myths about wealth management doing the rounds out there about wealth managers is that you only need to hire them during making your retirement plan. Wealth managers do help a lot during making a retirement plan for their clients, however, they are not limited to only making retirement plans. Some of the most notable services that wealth managers offer their clients are estate planning, accounting services, strategic tax planning, investment advisory services, banking services, and...