The Indian Business Owner TIBO Magazine - Volume 001 | Page 20

The Importance of Estate Planning
Your most important asset is your family. The Indian
community works tirelessly day-in and day-out to care
for and provide for these loved ones. Beyond taking
care of our family diligently during our lifetime, we
must take a further step to preserve the future for
them. Each of us must create an effective Estate
Plan. Having an Estate Plan includes preparing a
Will, a Living Trust, a Financial Power of Attorney,
and a Health Care Power of Attorney. These four
components are virtually a necessity in this day and
age because without them, we leave our children,
our heirs, at the mercy of the courts and judges. If I
18 |TIBO Magazine - Fall 2016

am no longer, and I have failed to prepare my Living
Trust, my children have no choice but to stand before
a judge and ask for what is rightfully theirs - this
means they are forced to go through the Probate
Court process. The Probate Court is not for our
community; we are a community that goes the extra
mile and that means doing the right thing. When it
comes to your assets, the right thing means taking the
step to prepare your Estate Plan.
Preparing an Estate Plan should be a smooth and
simple process. With a trusted Estate Planning
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