Estate Planning
Planning your estate helps ensure that your personal property is managed efficiently during your lifetime, and that your wishes will be carried out after you death. Estate planning is not just needed by high-income earners. Every parent, grandparent, spouse, business or professional person should have an estate plan.
Estate planning provides the key to sound financial planning. A proper estate plan:
- Minimizes taxes;
- Ensures your money, property and any other assets are distributed according to your wishes;
- Decides what level of income you need in retirement and how much you earn;
- Provides adequate support for dependants;
- Allows you to create an estate;
- Provides Liquidity; and,
- Includes planning in the event of a disability.
People often overlook the benefits of having an estate plan during their lifetime. An estate plan will protect your loved ones and your assets in the event you become physically or mentally infirm and are unable to deal with your own financial affairs. It can also allow you to enjoy the tax advantages of income splitting with family members.
Call us for a detailed consultation on estate planning.
