Are you worried about what will happen to your assets when you die?
You're not alone. Many people don't have an estate plan, which can often lead to problems for their loved ones. That's where we come in—we can help you create a plan to minimize tax liabilities and ensure your beneficiaries receive your assets in the way you choose.
You can choose from various strategy options and structures which allow you to pass your assets and transfer your wealth to the next generation.
We know this is a weighty decision, and we want to make sure you have all the information you need to make the right choice for you and your family. We'll take the time to answer all your questions and help you every step of the way.
What is Estate Planning?
When most people think of estate planning, they think of Wills. But estate planning is much more than that. It's a process of creating a detailed plan for your assets and deciding who will inherit them after you die whilst ensuring you have the lowest possible tax liabilities. Estate planning may seem like something only for the wealthy, but it is something that everyone should pay attention to.
Estate Planning includes creating a Will, setting up trusts, or other tax-efficient structures and appointing a Power of Attorney.
These things allow you to ensure your assets go to the people you want them to go to after your death. Without Estate Planning, your loved ones could face a lot of expense as they deal with legal red tape when trying to take control and distribute your property, which often ends with family conflict. So don't wait or put it off any longer—start Estate Planning today!
Estate Planning Guide
Download Soteria’s Guide to Probate, Wills and Lasting Power of Attorney for a full Estate Planning overview.
BENEFITS OF ESTATE PLANNING
When you think of Estate Planning, what comes to mind? If the thought of estate planning conjures up thoughts of complex legal documents and overwhelming financial decisions, you're not alone. However, estate planning doesn't have to be complicated or expensive. In fact, there are several benefits to implementing an estate plan. Here are just a few:
Control over your assets
Estate Planning is one way to take control of your life (through LPAs), ensure that your wishes are carried out after you're gone (via a Will), and ensure, through effective tax planning, that your assets and overall estate, are exposed to as little liability as possible, so that your beneficiaries can get the most out of your legacy.
Protection from probate
Probate is the process by which a court oversees the administration of a deceased person's estate. Estate planning can help to avoid probate and ensure that your assets are distributed according to your wishes directly after your passing.
Reduced taxes
Estate Planning can help reduce the amount of taxes that your loved ones may owe after you die.
Increased security for spouses and children
If something happens to you, having an estate plan can provide security for your spouse and children by ensuring they can still access important financial resources.
Peace of mind
While no one likes thinking about death, Estate Planning can provide peace of mind in knowing that you've done everything possible to protect yourself and your loved ones ahead of time.
