Estate Planning
When do you want to hand over the responsibilities of wealth to your children?
What do you want to pass on to your grandchildren?
Are you also considering a wider legacy, such as a charitable contribution or foundation?
And what are your own financial requirements, both now and into old age?
Setting the objectives
Your legacy plans should reflect your wider personal ambitions, which in turn should be a key element in your overall Financial Plan. Which is why, before anything else, we work with you to help identify your objectives and needs regarding your estate plan, and to ensure that they are consistent with your broader personal goals.
Seeing the wider picture
Once we’re clear about your objectives, we consider all the factors that may affect your Estate Plan. The list might include:
- The size and nature of your current and potential assets
- Marital considerations
- Tax planning
- Privacy issues
- Inter-generational and Intra-generational wealth issues
- Your plans for your children
- Business Succession Planning
- Charitable or foundation plans
- Inter-generational and Intra-generational wealth issues
Developing the estate plan
We then work with you and whoever else you wish to involve, be it legal or other advisors or members of your family, to develop your personal Estate Plan. This is likely to address such issues as:
- Tax efficient wealth transfer to the next generation
- Your will
- If applicable: ‘On paper’ transfers from which beneficiaries reap interest
- Life Insurance
- Corporate Structures
- Gifts and Charity
Leaving a reassuringly solid legacy
In what can otherwise be a delicate area plagued with uncertainty, an Estate Plan ensures you hand over your assets to the right people at the right time. It is also a source of comfort and reassurance to know that your legacy plans are in order and now reflect your personal goals and ambitions.
If you’re interested to know more, please contact your Private Banker for more details.
