7 Tips To Help your Father Build A Financial Plan
6. Estate And Succession Planning
Try to explain to your father the importance of estate and succession planning. This will be better if you meet with a lawyer. He would help you in framing an estate and succession plan based on the inputs and recommendations from your father.
7. Maintain One Reference
Many of us have the habit of loosing or scattering all the important documents like insurance policies, investment records, payment receipts, loans, bank account details, birth certificates, marriage certificate, driving licence, PAN card and tax filing records. And when you are in need of these documents you will not get it on time. So it’s better to maintain a proper record of the important documents, so that when you need it in urgent times, you can find it easily.
Also Read:
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