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  • The Economic Times

Lack of professional financial advice can prove costly later: Pay for services, seek help

"The lawyer is too expensive,” he exclaimed. “All that is needed is advice about passing on wealth to the children,” he continued. The wealth in question is worth a few crores of rupees, excluding some properties that are yet to be valued. The beneficiaries (his children) live in three different countries, where they have taken citizenship. My friend fails to see that in order to put his estate in order by spending some money now, even if it is too much in his view, is worth it. He fails to see ..

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