Estate Planning For The Jain Family

At no point in modern history has it been so clear that planning ahead should be priority one — both for your own benefit and also your family’s. Estate planning is a venture that helps provide families with some security should the worst happen. What will happen to the family assets? Both physical belongings and monetary accounts make up a person or family’s estate. But Jains are expected to live with few assets to call their own. How does that work?

The Jain Center of California provides some of that much needed security by way of information.

Those who join the JCC will be allowed to join informative seminars to explore options related to Medicare, Medicare, Social Security and other benefits such as transportation or housing. Groups will also have the opportunity to attend competitions and tours, with religious observations at the top of the list.

Are you a Jain senior living in the United States? The Jain Senior Association has been active for over 20 years to provide fulfilling daily activities to those who might want to become closer with their communities during retirement. More importantly, estate planning advice is available to all members.

JAINA is the Federation of Jain Associations in North America. If you are a Jain who is not living in Southern California, this is probably the best place to look for financial or estate planning advice.

JAINA’s mission is manifold, but includes:

“Talking to Jain brothers and sisters should give single seniors identity, safety, and belonging. They can share their experience with people in similar situations and that could possibly help relieve stress and tension. They can also get moral, spiritual, and motivational support over the phone. The group can also provide a good platform for swadhyay, sharing of reading material, and up-lifting conversations with like-minded people.”

Those interested should contact Bharat Kothari at 630-877-5845 or Surjit Kaji at 510-795-7600.

Because Jains usually do not have many belongings, they often feel like they do not have an estate — but everyone does! For example, even those who have nothing should still consider the benefits of a last will and testament, or at the very least providing instructions for a health care proxy in the event that something terrible happens. All of this is part of proper estate planning. And even Jain individuals can benefit from taking out a life insurance policy to leave their families some protection.

Most Jains who seek out estate planning advice feel alone — like they lack the social and emotional support that is such a strong pillar of Jain teaching and community. But it does not have to be that way. Whether or not you feel alone, we at Anekant firmly believe that preparing for the future is something you need to do in the here and now, even if you have a strong family. In fact, that’s an even better reason to get started!