What is a will?
A will is also known as an estate plan.
A will is also known as an estate plan.
An Estate Plan
An estate plan carefully constructed list of how you want your assets
to be owned, managed and preserved during your lifetime and how
you want them disposed of upon your death. Your Estate Planner will
design it to incur the least possible taxes and other costs.
To create an Estate plan, your assets and their ownership (property,
securities, business interests, life insurance, retirement plan
benefits and other property) have to be carefully analysed and a
decision has to be made about whether you should create a lifetime
trust or a trust in your will. These trusts are legal methods available
to minimize various taxes and the costs of administering your estate
upon your death.
Estate Planner will discuss wills, trusts, business interests, life
insurance, long-term care, charitable giving, special needs for
disabled or elderly, taxes, etc. Many of the subjects discussed will
involve legal and tax questions of great importance to you. Decisions
should be made with the confidential advice of your planner, aided in
many cases by a will writer, an accountant, insurance agent or
investment advisor. Taxes will be at a minimum and that your assets
will go to your intended beneficiaries. A well-designed estate plan
will see to the welfare of your family and the education of your
children.
| For an endless streams of income, you need a financial plan |
"Wealth Creation Through Financial Planning"
