At Afzal and Associates, we provide comprehensive legal services in estate planning. Our expertise encompasses a wide range of estate planning-related matters, including wills, trusts, and estate administration. With a thorough understanding of the legal framework in Bangladesh, we are dedicated to helping clients effectively manage their assets and ensure their wishes are honored after their passing.
Our Estate Planning Services
1. Wills
Creating Legally Binding Wills
A will is a fundamental component of estate planning, outlining how a person's assets should be distributed upon their death. Our services include:
Drafting Wills: We assist clients in drafting clear and legally binding wills that comply with the Succession Act, 1925 and other relevant laws.
Will Registration: We guide clients through the registration process to ensure their wills are recognized and enforceable.
Updating Wills: As life circumstances change, we help clients update their wills to reflect new family dynamics or changes in assets.
2. Trusts
Establishing Trusts for Asset Management
Trusts are an effective way to manage and protect assets for beneficiaries. Our firm offers:
Drafting Trust Deeds: We assist in creating trust deeds that comply with the Trusts Act, 1882, ensuring that the trust is legally sound and meets your objectives.
Types of Trusts: Our team provides guidance on various types of trusts, including private trusts and charitable trusts, tailored to your specific needs.
Trust Administration: We offer professional trustee services, managing trust assets in accordance with the trust deed and applicable laws.
3. Estate Administration
Managing Estates After Death
Proper estate administration is crucial for ensuring that a deceased person's wishes are honored. Our services include:
Probate Assistance: We help clients navigate the probate process, assisting in the preparation and submission of probate applications to the relevant court.
Estate Management: Our team guides executors through the estate administration process, helping to manage assets, settle debts, and distribute property according to the will.
Dispute Resolution: If disputes arise during estate administration, we offer mediation and litigation services to resolve conflicts effectively.
Relevant Laws Governing Estate Planning in Bangladesh
Understanding the legal framework is essential for effective estate planning in Bangladesh. Key legislation includes:
The Succession Act, 1925: This Act governs the distribution of property upon death and outlines the legal requirements for wills and probate.
The Trusts Act, 1882: This Act defines and amends the law relating to private trusts and trustees, outlining the procedures for creating and managing trusts.
The Waqf Ordinance, 1962: This ordinance governs the establishment and administration of waqfs (charitable trusts) in Bangladesh, providing specific guidelines for their operation.
The Registration Act, 1908: This Act mandates the registration of wills and trust deeds to ensure legal recognition and protection of the documents.
Contact Us for Professional Estate Planning Services
If you are facing estate planning-related issues or require expert legal assistance, contact us today for a consultation. Our dedicated team is ready to provide the support you need to navigate the complexities of estate planning in Bangladesh effectively.