Estate Planning involves more than just having a Will. It involves the ownership structure of all assets you own or control.
Estate planning is a way of ensuring that the assets on your death are distributed:
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to the appropriate people,
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at the appropriate time, and
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in the most tax effective manner,
One of our financial planners can assist you by assessing your financial situation and developing a strategy to help achieve your goals and objectives. It is important that the estate plan be reviewed each year. In particular, it should be reviewed upon the occurrence of the following events:
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marriage
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divorce
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children attaining 18 years of age
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a change in legislation (tax or other) affecting the estate plan, or
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a significant change in financial circumstances or asset structures
The estate planning process involves the integration of the skills and expertise of all professional advisers such as the financial planner, accountant and lawyer. Although it may be costly to involve all these professionals, their involvement may end up saving you thousands of dollars in tax and legal fees. More importantly, this integrative approach will help ensure that your estate plan provides sufficient assets on your death to be distributed to the appropriate people at the appropriate time.
Estate Planning can be broken down into the following components:
Contact one of our Financial Planners today for your no obligation free consultation.
