IMG

Our Services

IMG Back

IMGEstate Planning

An estate plan carefully constructed list of how you want your assets to be owned, managed and preserved during your lifetime and how you want them disposed of upon your death. Your Estate Planner will design it to incur the least possible taxes and other costs.

To create an Estate plan, your assets and their ownership (property, securities, business interests, life insurance, retirement plan benefits and other property) have to be carefully analysed and a decision has to be made about whether you should create a lifetime trust or a trust in your will. These trusts are legal methods available to minimize various taxes and the costs of administering your estate upon your death.

IMG
What is Estate Planning ?

An estate plan carefully constructed list of how you want your assets to be owned, managed and preserved during your lifetime and how you want them disposed of upon your death. Your Estate Planner will design it to incur the least possible taxes and other costs.

Creation Of An Estate Plan

To create an Estate plan, your assets and their ownership (property, securities, business interests, life insurance, retirement plan benefits and other property) have to be carefully analysed and a decision has to be made about whether you should create a lifetime trust or a trust in your will. These trusts are legal methods available to minimize various taxes and the costs of administering your estate upon your death.

Estate Planner will discuss wills, trusts, business interests, life insurance, CFP, long-term care, charitable giving, special needs for disabled or elderly, taxes, etc. Many of the subjects discussed will involve legal and tax questions of great importance to you. Decisions should be made with the confidential advice of your planner, aided in many cases by an accountant, trust officer, insurance or investment advisor. Taxes will be at a minimum and that your assets will go to your intended beneficiaries. A well-designed estate plan will see to the welfare of your family and the education of your children.

Estate Planning for you

Estate planning is important in various aspects. As it is irrefutable that everyone encounters death, it has to be decided how you want your assets to be disposed of in case of death and what it takes to reduce estate duty taxes. Also in view of business interests, strategies will to be constructed for these interests to be passed down to your beneficiaries with the minimum of taxes.

  • IMG Should I change the title to any of my property so it will go to the persons I desire when I die ?
  • IMG Should I make gifts of my assets to reduce income or estate taxes?
  • IMG How can I protect my assets from creditors ?
  • IMG Revocable and irrevocable trusts.
  • IMG Will it be necessary to sell any of my assets to pay taxes and the cost of administering my estate ?
  • IMG Will there be enough cash available after my death to pay taxes and the cost of administering my estate ?
  • IMG Will my family have enough cash to take care of themselves before my estate is being administered ?
The Magic Of Insurance Policies

The wealthier you are, the more precious insurance will be in helping you play for your estate taxes. Insurance can help you build wealth and reduce taxes.