Just about everyone can benefit from the development of an estate plan. Young or old, wealthy or middle class, an estate plan can reduce the taxes and expenses of an estate, simplify and speed the transfer of assets to the next generation and help ensure that beneficiaries are protected.
An estate plan defines how you want your assets to be owned, managed and preserved during your lifetime and how you want them disbursed after your death. The plan also deals with the important decision about who will look after your estate.
No plan is complete without insuring your assets are distributed in the manner you wish it to be. You have access to the best legal minds in the community to be able to prepare the documents required to give you peace of mind.
Tax efficient distribution of your assets is an important part of your planning needs. This is a component of your financial plan. Life versus Mortgage Insurance – An analysis of your needs is an important consideration when choosing the right insurance of your family.
Is giving money to charities of importance to you? We can prepare proper plans for gifting of cash, securities or insurance to ensure tax efficient distribution of your gift to those who need it.
Deciding on how to leave a legacy to your heirs can be a difficult decision. We can work with you, a legal professional and tax specialist to ensure that a trust plan is in place to accommodate your important wishes.