An Estate Plan: making it easier for others when you are no longer around...
“I’m not afraid of death; I just don’t want to be there when it happens.”
We all have to make prudent preparations for some of the unavoidable eventualities of life. Death is one such eventuality that springs on us when least expected. Lack of proper planning for this unavoidable event could result in our loved ones coping with shortage of funds, delays in transfer of our assets to the heirs, our estate executed by people that we do not know and unexpected tax implications.
Planning ahead helps to make it easier for our loved ones at a time of grief when we are not around. Having an effective estate plan can help minimize taxes and other expenses of your estate – leaving more for your loved ones and your passionate causes. It can simplify the transfer of assets the way you planned. Fairwealth Financial can provide you with guidance in structuring your finances to make the transfer faster and tax effective. We can also refer you to other professionals to help you in drafting Wills and Powers of Attorney.
Want to see what an estate plan looks like? Contact us today.