Unplanned and unprepared death

CA Prakash (Chartered Accountant) (475 Points)

03 September 2014  

Death is certain; date of death is not certain! So, one can’t have a planned death. What is possible is ‘planning’ in case of death! One of my clients passed away recently. He was one of the 4 shareholders (and directors) of a private limited company. The surviving directors met me to understand the next course of action. They were telling me that the death of their colleague was so sudden and unprepared by all.

In this context, I wish to suggest the probable actions which can be taken during the lifetime of an individual.

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