Estate Planning

“Estate planning concerns the distribution of monetary and material assets from one generation to the next. This concrete plan is put in place during your lifetime to ensure that your final wishes are honoured by your loved ones.” An estate includes any real estate, bank accounts, life insurance policies, personal property such as vehicles, jewelry and artwork. It also includes any stock and other securities you may have accumulated. “Estate…

Estate Palnning

Estate planning essentially involves structuring your personal financial affairs in such a way that, upon you death: Estate duty (“death taxes”) are minimized There is liquidity to meet the estate’s financial obligations Inheritances are sufficiently protected for heirs  A common misconception about estate planning is that it revolves solely around life assurance policies. This is incorrect as, although life policies are often taken into account, comprehensive planning involves the structuring…