Estate planning is beyond distributing your assets

Meet Mr. A, a hardworking family man. Tragedy strikes when he unexpectedly passes away, leaving his loved ones with a significant burden. While he had purchased life insurance, there was one critical aspect overlooked: income tax payment for the current assessment year.

Mr. A's sudden demise leaves his family grappling with a complex situation. Besides dealing with the emotional toll, they discover the looming issue of unpaid taxes.

As a partner in a small online business, Mr. A had additional tax obligations. Failing to settle these taxes would have consequences for his family.

The responsibility for settling the unpaid taxes falls on Mr. A's beneficiaries. Without sufficient life insurance coverage, the family faces a financial strain that could have been avoided.

The story of Mr. A serves as a stark reminder of the importance of comprehensive tax planning and adequate life insurance coverage. Don't let the unexpected burden of unpaid taxes add to the hardships faced by your loved ones during an already challenging time.