Estate planning is the comprehensive review of your estate and creation of an action plan for achieving your estate objectives which may include but are not limited to; minimizing taxes and uncertainty, maximizing value of your estate, and ensuring its proper distribution after death.
Often estate planning involves taking a coordinated approach in working with your other advisors (lawyers, accountants, investment etc.) to ensure that all parties understand the complete picture and are driving towards the same objectives.
Depending on your situation and objectives the process may also involve cross-border planning and charitable giving strategies.
Ensure taxes are minimized with proper planning and management.
Ensure your assets go to the party(ies) of your choosing.
Benefit charities of your choosing while your alive or after your gone.
Estate planning is essential for everyone - even those with modest assets. Regardless of your age or the size of your estate, a proper estate plan will ensure that it is passed along per your wishes, minimizing tax as well as stress and complications for your heirs. There are two main reasons why most people fail to do estate planning:
Human nature makes us adverse to talking about death and our own mortality. We don't like to think about what will happen when we pass away.
Many (incorrectly) believe that estate planning is only for those that are wealthy. People seem to think that the word "estate" implies great wealth. The fact is, an estate can be a modest home and several thousand dollars, or multiple homes and several million dollars.
Send us a message and we'll get back to you within 1-2 business days.