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We all work hard, and spend most of our lives providing for our loved ones, however, have you ever wondered how your assets will be distributed upon your death?

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Have you ever wondered whether your loved ones would pay tax on their inheritance?

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Have you ever wondered what would happen if you are no longer able to make a decision?

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If you answered “ yes”, then with an effective estate plan, you have peace of mind knowing your legacy will be left the way you want it.

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What is estate Planning?

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Estate planning involves determining how an individual’s assets will be preserved, managed, and distributed after death.

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It also considers the management of an individual’s properties and financial obligations if they become incapacitated.

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Assets that could make up an individual’s estate include:

• Personal Assets, such as your house and vehicles.

• Financial assets, such as investments and superannuation and pension accounts.

• Personal insurances such as death cover

• Debts and liabilities.

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There are many reasons one must plan to establish an estate plan, including preserving your family’s wealth, providing for your surviving loved ones and leaving a legacy behind to a charity.

 

For more information, contact the friendly team at Modern You Financial Planners today for a free consultation.