What is Estate planning ?

Estate planning is the act of preparing for the transfer of a persons wealth and assets after his or her death. Assets, life insurance, pensions, real estate, cars, personal belongings, and debts are all part of one’s estate. Estate plans must be

written, signed, and notarized by the person who owns the estate. In other words, Estate planning is simply the process people engage in to determine the disposition of their assets, either at death or incapacity. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses.

Who Need Estate planning ?

You! If you’re young and single, you may need only a few relatively simple items, like nominations, ‘Financial Power of Attorney’ & a ‘Pour over Will’.

If you are married, you might require ‘Mirror Wills’.

If you have children, you need a ‘Letter of Guardianship’ to name a guardian.

If you have substantial wealth, you may need one or more trusts to help control how your assets are taxed, managed, and distributed

Who Need Estate planning ?

We can help you to create an estate plan that delivers on your wishes to your loved ones.we work with you to make sure your estate planning changes as your life changes. This may include:

Appointing Testamentary Guardians

Trust structures such as minor, special child, testamentary, protective or family trusts and charitable trusts

Setting up Powers of Attorney for incapacitation