Estate planning can ensure that you and your family not only derive maximum benefit from your assets during your life time, but also provide for the maximum transfer of wealth to the next generation. Estate planning involves planning for how an individual’s assets will be preserved, managed, and distributed after death or in the event of incapacitation. Individuals have various reasons for planning an estate providing for their surviving spouse and children, but foremost is family wealth protection for future generations. The first basic steps in estate planning are writing a will and getting your financial affairs in order.
Circumstances do change so it’s important that an estate plan be reviewed if there has been any change in your lifestyle, this includes:
Appointing the right executor or executors is an important step in creating your family trust. The Accounting Team brings together legal and financial experts creating a powerful team to administer and assist with family trusts.