Prepare for the road ahead
Everyone has an estate. Our estate is comprised of everything we own e.g. our car, home, other real estate, savings accounts, investments, life insurance, furniture, personal possessions etc. Whether large or small, every one of us has an estate and something in common; we can’t take it with us when kick the bucket (pass away). To ensure our wishes are carried out when we are not there, we need to provide instructions stating whom we want to receive something of ours, what we want them to receive, and when they are to receive it. We will, of course, want this to happen with the least amount paid in taxes, legal fees, and court costs.
Estate planning: For Whom and When:
It is perceived that estate planning is only for “retired” people. In fact estate planning is for everyone although people do tend to think about it more as they get older. Unfortunately, we can’t successfully predict how long we will live, and illness and accidents happen to people of all ages. Estate planning is not just for “the wealthy,” either, although people who have built some wealth do often think more about how to preserve it. Individuals put off estate planning because they think they don’t own large assets, they are not old enough, they are busy, think they have plenty of time, they are confused and don’t know who can help them, or they just don’t want to think it. Then, when something happens to them, their families have to pick up the pieces. We provide efficient support that such an unpleasant situation doesn’t arise and we have control who receives what and when and such matters are handled privately rather than by courts of law.
Creating a Will
A Will is also known as a testament and is a written document about how and among whom you want to distribute your wealth on your death. Post your death, the executor of the will shall divide your wealth in proportion as mentioned in the will. The will may or may not be executed in the court of law. However a provision can be made in the will that the execution shall be made before a judicial magistrate or a notary public. This helps in avoiding any dispute in the distribution of the wealth. We help you in creating the will by ensuring that it is created as per your wishes ensuring that future legal disputes are mitigated and it helps in distribution of your wealth amongst your successors in the proportion as decided by you.
Creating a Trust
In case of a Will, some or all of your assets must go through a court process known as probate. Probate is the legal process for administering and implementing the directions in a will. By creating a living trust you can effectively transfer all you assets into a trust. As the trustee, you control those assets, and you can revoke the trust whenever you desire. The advantage of a living trust is that upon your death, assets can pass directly to your beneficiaries without going through probate. Probate can be a lengthy, expensive hassle for your heirs. In addition, your assets become a matter of public record as a result of probate. We help in structuring your estate assets to minimize tax liabilities and maximize value to future generations. Our professional team works any additional advisors if you may have, such as an attorney or accountant, to develop and implement a plan of action.
Leave a Legacy
Vision… to See Beyond Conflicts
Estate planning is an important and everlasting gift you can give your family. Trust us in setting up a smooth inheritance.