Estate Planning is a term which relates to the steps and strategies we should have in place when considering how we want our affairs to be managed after we pass away. Getting your estate in order is very important for various reasons.
Not only is it the only way to ensure that whatever is rightfully theirs goes to your legal heirs, but estate planning is also vital to protect your assets and your property from unnecessary estate taxes that may be levied upon your death.
Yes, death is a topic that most people are uncomfortable talking about. But since it is an inevitable outcome in every person’s life, it is important to take care of legal matters when we are alive so that our families and loved ones can be protected. Planning your estate right down to the last detail will enable you to do just that..
This may include, but is not limited to:
Creating a Will
Appointing an appropriate Executor
Appointing an appropriate Guardian
Appointing a Power of Attorney
Creating a Testimony Trust to protect your estate and beneficiaries