Estate Planning involves developing strategy for disposing your assets to your nominated beneficiary after you die in the most effective way. Estate planning is more than having a valid will. It involves consideration of potential challenge of the will, tax consequences, business succession planning and the distribution of your assets which are not considered part of your estate. Other thing that you need to consider is having power of attorney in place should you become incapacitated and have difficulties to make decisions about your financial, lifestyle and medical affairs.
Estate planning involves the collaborative work of financial planner, tax accountant and legal professional. Our role as financial planner is to help you identify potential issue, needs of funding, as well as helping you to navigate the maze of estate planning. We will also take “the conductor” role on the collaborative work with your tax and legal professionals.
It is never too early to start thinking about an estate plan, talk to us now!