In the absence of a will, succession disputes can become complicated and unnerving these disputes can be dragged on for years in courts.
Estate Planning protects the rights of the heirs and beneficiaries
Unfortunately, no one can take their estate with them to the grave.
Once you have determined what needs to be done and the law recognizes the same, no one can object to it, even if they want to.
It helps a lot in saving taxes
You may or may not know this, but estate planning can actually provide the beneficiaries with tax benefits.
Consider how much and what should be given to respective beneficiaries so that tax burdens can be accordingly distributed and do not fall disproportionately.
It helps you protect your business
The complications arising from poor or no estate planning impact the health of your business.