What is Estate Planning?
Estate planning involves determining how your wealth will be distributed and protected during your lifetime and beyond. It includes strategies for both wealth preservation and distribution, taking into account your personal needs and the legacy you wish to leave behind. A well-crafted estate plan ensures that your assets are passed on to your chosen heirs efficiently, manages tax implications effectively, and addresses issues such as incapacity. Key elements of a good estate plan include asset distribution according to your wishes, efficient estate administration, tax management, and provisions for managing finances in case of incapacity.
