Estate Planning

At some point, we come to the realization that we will be absent from the lives of our loved ones, this happens either through our demise or incapacity. Estate planning is where we ensure that our loved ones are financially protected, that there is no unnecessary leakage of wealth over what was painstakingly built up over a lifetime and if there is a legacy, that legacy is continued on.


Importance: Medium
Cost: High
Advantages: Greater certainty that your wishes are executed or loved ones provided for in a particular way
Recommendation: Depends on factors such as size of estate and objectives; typically not necessary for most people

A trust is a legal arrangement that allows one to give away their assets to another party (trustee) for the benefit of a beneficiary or multiple beneficiaries. The trustee is the legal owner of the assets but the beneficial interests lie with the beneficiaries. Trust structures are used for asset protection, family succession and protection of minors. The trust is a very useful tool in estate planning so feel free to contact us to find out more.