Estate Planning

Estate planning is the process of preparing and organizing one's assets, finances, and personal affairs to ensure they are managed and distributed according to one's wishes during their lifetime and after death. It involves creating a comprehensive plan that addresses various aspects which are as follows:

Estate planning typically involves working closely with legal, financial, and tax professionals to create legally binding documents such as wills, trusts, powers of attorney, and advance directives. The goal is to ensure that one's wishes are respected, minimize potential disputes among family members, and provide financial security for loved ones after one's death.

Effective estate planning is not only about distributing assets but also about ensuring that personal values, beliefs, and preferences are honoured, and that one's legacy is preserved according to their desires. It's an ongoing process that should be periodically reviewed and updated to reflect changes in personal circumstances, laws, and regulations.