systematic investment plan services in Delhi

Make a succession plan

 One of the biggest worries of a single parent is: what will happen to my child if I die?

 Writing a will is an important part of that plan B. “A will is more authentic if it is registered. Make sure that you name someone—a relative or a trusted friend—as a guardian to execute the will if the child is a minor,” said Tanwir Alam, founder and chief executive officer, Fincart, a financial planning firm systematic investment plan services in Delhi. Have two people whom you trust, witness the writing of the will so that they can confirm its authenticity.

 “A legal expert helps you customize a will, and avoid anticipated problems and ambiguous mis-drafting,” said Alam.

 What’s more, making a will is not expensive. “If you approach a lawyer to write a will, it will cost you Rs.5,000-10,000 (or more depending on the complexity of assets and other details). Will registration can be done at a nominal cost,” said Alam.

 A single parent doubles as the provider, the nurturer and the protector. A strong financial plan could well be your strongest ally and your best friend as you take on life single-handedly.