Three Basic Ways to Make Inheritance
"Pamana", the Filipino term for Inheritance, is always a discussion, if not a dispute in most of the Families. But in this blog, I will not tackle the dispute side, but rather, I will share Three Practical Ways of accumulating inheritance. But what is inheritance for? Most of the people looked at it as a "Gift" (legal gift) to the left behind family members. For whatever reason, the inheritance serves it purpose for the family members. But for some, inheritance is like a "Protection" for the family members, that their child could continue studying, for his/her partner not exposed to financial shocks, and to pay unpaid loans in case of death. But How can we build Inheritance? Here are the three usual ways of accumulating inheritance. 1/ Inheritance in the form of Properties This type of inheritance is the usual type Filipinos prepare. During a persons' active career life, they try to acquire properties such as land, vehicles, jewelry a...