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Any company having more than one shareholder should have a shareholders’ agreement which sets out the rights and responsibilities of the shareholders.

A buy–sell agreement is a legally binding agreement between co-owners of a business that if a co-owner dies, is forced or choose to to leave the business.

The assignment of your life policy refers to the transfer of legal ownership of a life policy to a 3rd party. The transfer has to be done in writing, usually with the appropriate forms supplied by the insurer, and acknowledged by the insurer.

One of the best developments in estate planning in 2009 is the ability to nominate beneficiaries in your life insurance policies with legal certainty. The parliament has passed the law and gazetted it under Section 49L & M of the Insurance Act on 1 Sept 2009.

Life insurance occupies a unique place in estate planning which is not replaceable by other assets.

A Lasting Power of Attorney is a legal document which allows a person to voluntarily appoint one or more persons to act and make decisions on his behalf if he should lose mental capacity one day.

An Advance Medical Directive (AMD) is a legal document you sign in advance to inform your doctor that you do not want the use of any life-sustaining treatment to be used to prolong your life when you become terminally ill and unconscious and where death is imminent.

A trust is a powerful estate planning tool if it is properly structured and understood.