SERVICES WE OFFER
ESTATE &
FINANCIAL
PLANNING
Financial planning is the process by which you accumulate wealth, while estate planning addresses how you protect and ultimately distribute that wealth.
ESTATE PLANNING UNRAVELLED
You owe it to your loved ones and to YOURSELF to comprehensively and effectively plan how your Estate will be administered and distributed upon your death. Estate planning is probably one of the most vital and important financial decisions you can make and should be done proactively, in order to make provisions for future life events.
Estate planning should:
Minimize taxes, unnecessary legal fees, and provide a soundboard of how the estate must be dealt with in the event of something going awry.
Cover requests like the guardianship of minors.
Include life insurance to provide for your family in the event of your death, or should you be diagnosed with a life threatening illness or disability.
Include instructions for your care if you become disabled before you die.
Provide for the transfer of your business at your retirement, diagnosis of a severe illness, and on disability or death.
Be a continuous process, not a once off.
WILLS AND TRUSTS
Have you ever thought about what would happen to your family’s wishes and inheritance if you didn’t have a will in place and you passed away (dying intestate)
1.
Firstly, you leave the court to appoint someone you may not want to be the executor of the state.
2.
Secondly, the law will decide who inherits your various assets.
3.
Lastly, your specific intentions or wishes may not be adhered to as you effectively passed away Intestate.
Why should you then have a will:
You make sure your specific wishes are carried out
You can protect the inheritance of your children under the age of 18
You can elect who you would like to wind up your estate (Executor)
Contact Capitalise Wealth Management where we can arrange for a will to be drafted FREE of charge!
QUESTIONS & ANSWERS
IS ESTATE PLANNING ONLY FOR CERTAIN PEOPLE?
No, it is for everyone, not just for wealthy and/or retired people, although people tend to think about it more as they get older. Unfortunately, we can’t successfully predict how long we will live, and illness, disabilities, and accidents happen to people of all ages.
IS ESTATE PLANNING EXPENSIVE?
If you can’t afford a complicated estate plan now, start with what you can afford. For young families or single people, it should start with a will, life insurance of some sort and health decisions like organ donation etc. Then, let your planning develop and expand as needs change and your financial situation improves. Don’t try to do this yourself to save money. An experienced attorney/Financial Planner will be able to provide critical guidance and peace of mind that your documents are prepared properly.
AM I TOO LATE TO PLAN?
No, but bear in mind you want structures to be in place prior to any of the unfortunate events that may occur. Don’t wait. You can always put something in place now and change it later, which is exactly why estate planning is imperative.
