If you haven’t started yet, it’s not too late to begin your estate planning. Estate planning involves structuring a person’s affairs to ensure the orderly transfer of assets to your preferred beneficiaries in the most tax effective and timely manner. It also considers making provisions for your wishes before your passing by ensuring in the event of absence of capacity or illness your financial and personal affairs are also attended too. Ignoring the inevitable can have dire consequences that can end up being very expensive and even result in irrevocable rifts among family members.
There are many reasons to have an estate plan but making the right decisions now can save a lot of heartache for your intended benefactors. At LIFE Financial Planners we can work with you towards your estate plan, including making sure you have adequate life insurances in place so that your family’s wealth is protected should anything happen to you.
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