Estate Planning

Estate Planning is about ensuring the accumulated wealth of the individual is passed on in a manner that is consistent with their stated objectives. Effective planning also entails reviewing the tax implications of distributing wealth prior to the date of death.

Matters to be addressed as a part of the planning process include:

• Identifying what assets the person currently owns and assessing a fair value
• Determining the impact on any business they may have in the event they ceased to be involved and ensuring there is an effective succession plan in place that will maintain the value of the business
• Liaising with the client’s financial advisor with regards to the implications of the client presently divesting a portion of their accumulated wealth
• Liaising with the client’s legal advisor to ensure the proposed distribution of the client’s wealth as drafted into their will is in accord with the assets presently owned by the client