Estate Planning

Protecting Your Family and Your Legacy

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Estate planning is the process of arranging your assets and financial affairs in a way that ensures the transfer of your assets to your beneficiaries in accordance with your wishes and in a tax-effective manner.

Although it may seem like a clinical and objective process, the aim of estate planning is to minimise any potential conflict and emotional heartache for those who are left behind after you’re gone. In addition to making the necessary arrangements to care for your loved ones, an effective estate plan also includes provisions for your own comfortable lifestyle in your twilight years.

An estate plan typically includes a legal will, as well as other documents that reflect your wishes such as how you would like to be cared for medically and financially, should you become unable to make these decisions on your own in the future.

Key benefits of Estate Planning

Legally binding

The instructions in your estate plan are legally binding. You are able to specify how and when your beneficiaries will receive your assets when you pass away.

Minimise taxation

You can structure your affairs in such a way as to legitimately minimise taxation.

Protect your assets and wealth

With a clear plan, precise instructions, and appropriate structures in place you can have certainty about the administration of your estate.

Protect against litigation and potential disputes

Your beneficiaries will have a clear understanding of your wishes thereby eliminating the potential for misunderstandings and family disputes.

Your affairs are in order

Estate planning gives you the peace of mind that you have made all the necessary arrangements for your estate and your legacy to be managed according to your wishes.

 

Click the link below to view our full Estate Planning Guide :

Watson and Sons – Estate Planning Guide

 

For a confidential discussion about how an estate plan may apply to your particular circumstances, please feel welcome to contact our team at Watson & Sons Advisory

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