Estate planning involves planning for how your assets will be preserved, managed, and distributed after death. It also takes into account, the management of your properties and financial obligations in the event that you become incapacitated. Assets that could make up your estate include properties, cars, cash in banks, investments, businesses, jewelleries, and debts.
Some people think estate planning is only for the rich. Actually, estate planning benefits everyone. More so if you have dependants like young or disabled children or elderly parents. You want to make sure their lives are not disrupted, and they are provided for even when you’re not around.
An estate plan states how you want your money to be used to care for your loved ones. It gives you the final say on who gets to keep your assets and who should take care of your assets. So as long as you have savings, investments or a house, you have assets to leave behind. After death, these assets are your ‘estate’.
Knowing you have a properly prepared plan in place that contains your instructions and will protect your family, these will give you and your family peace of mind. This is one of the most thoughtful and considerate things you can do for yourself and for those you love.
At CorePlus, our planner will guide you through the process of writing your will or setting up trust taking into consideration each unique condition. We are helping you to