What Is Estate Planning for Senior Citizens?

What is Estate Planning for Senior Citizens?

Why Estate Planning for Seniors is Important?

What Are the Most Important Tips for Estate Planning for Seniors?

FAQs About Estate Planning for Seniors

What are the most common tools for estate planning for senior citizens? up-arrow

India's most common forms of estate planning are making revocable and irrevocable trusts and Wills. These let them set and protect the plan for property distribution after their death.

What are the crucial documents in estate planning for senior citizens? up-arrow

The most important documents in estate planning are records of trust, Will, advanced medical directives, power of attorney, and beneficiary designations.

When should I build my trust as a senior citizen while doing estate planning? up-arrow

There is no particular age for creating trust because the unfortunate event of death can happen anytime. If you are a senior citizen and do not have trust, you should ideally make it without delay.