Planning

Succession/Inheritance planning is the exercise to be carried out before drafting a Will and the first phase of drafting a Will. The first and the foremost requirement is to prepare an executive inventory of moveable, immovable assets, intellectual property and debts of the person making a Will. The second step in planning is to prepare a list of the legal heirs and the beneficiaries among whom the assets are to be distributed. The third step is to decide about the manner of distribution of assets and liabilities among the legal heirs and the beneficiaries.