ESTATE PLANNING
Estate planning aims at ensuring that your assets pass to your intended beneficiaries in the event of your passing. Estate planning is designed to protect the financial well-being of your loved ones and ensure that family relationships remain harmonious by minimising the chance of disputes over your estate assets.
Some important questions good estate planning answer:
Estate planning allows you to leave the right type of legacy for your family.
- Who should get a share of your assets if you passed away and how much?
- Are any of your family members spendthrifts who may squander any gift you provide them should you pass away? If so, would you like to protect them against themselves?
- Have you nominated someone to care for your children should you and your spouse both pass away?
- If you couldn’t make decisions for yourself due to physical or mental incapacity, is there someone you can trust to make medical and financial decisions on your behalf?
- Are you concerned that creditors may erode all or a significant part of the estate you intended leave to your loved ones?
- Would you like to minimise the benefits from your estate being eroded by tax?
- Do you have children from a previous relationship and would like to make sure they receive their fair share of your estate?
- Are any of your intended beneficiaries involved in bad relationships or at risk of bankruptcy and you would like to protect their assets?
Estate planning allows you to leave the right type of legacy for your family.