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| Estate Planning subramoneyplanning.blogspot.com |
"To preserve your
estate for your heirs"
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Estate
Planning, in simple term, is planning for accumulation, conservation and
distribution of assets;
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Estate
planning is the process of arranging, structuring your personal, planning your
succession and financial affairs so that, upon unfortunate happening, your
assets are distributed according to your wishes.
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Estate
Planning is the Planning for
inter-generational / succession transfer of financial affairs and management of trusts, wills etc.,
inter-generational / succession transfer of financial affairs and management of trusts, wills etc.,
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Estate
planning is the plan to distribute your heirs (family) in the most tax
efficient manner wherever possible;
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A
properly prepared estate plan will help minimize income taxes and probate costs,
provide for insurance risk cover, ensure to provide financial support to your
family and, clearly defining your wishes regarding the final distribution of your
assets to avoid any future conflicts in family;
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Things
to consider when Estate planning is prepared are Will, Powers of appointment,
Probate, Executors, Trusts, Property ownership, Business Succession, Gift,
Charitable Giving, Powers of attorney and Taxes.
