Wealth Distribution:
There are various methods of wealth distribution such as through a will or a trust. A will is a legal document that expresses a testator’s wishes as to how his property (estate) is to be distributed after death and as to which person (executor) is to manage the property or assets until its final distribution. Similarly, a trust has legally binding effect. However, unlike a will that takes effect after one’s death, a trust is an estate planning tool used by the trustor to protect his assets during his lifetime and dictates how the assets are to be distributed by the trustee after the trustor’s death.
Careful estate planning with a professional financial advisor will ensure that your wealth distribution takes place according to your wishes for the benefit of your loved ones and leaves a successful legacy for future generations to come.
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