Estate Planning is a process of organizing one’s property through Preservation, Accumulation and Distribution with the overall intent of enhancing one’s financial security and those of one’s family and future beneficiaries.
Throughout our lives, we spend much time worrying about making a decent living. Questions like, “Will we have enough for a new house? Can I afford that new car? Can I take that trip I’ve always wanted?”
But the years passed. You have built up an estate and achieved success. Your focus starts shifting away from taking care of yourself to ensuring your loved ones are cared for after you are gone. You want to further accumulate your wealth but wouldn’t want to do it all by yourself. You want to preserve and protect it from the hands of creditors and distribute it to your future generations. That is what estate planning is all about.
Estate Planning – are these your concerns?
- I have built substantial wealth. How do I protect my wealth against creditors?
- I have no idea if I have enough to last me through my golden years.
- How do I ensure sufficient liquidity for my family needs and still plan for charity?
- Most of my wealth is overseas. What is the best method to hold and manage it?
- Is creating an offshore company in a tax-haven the right choice for me?
- How do I preserve my wealth and pass it on to future generations?
- I have complex family issues. How can estate planning help?
- I run a successful business. What will happen to my business and how will it affect my family upon my death?
- I have written a will. Is it not sufficient?
- I wish to pass my wealth to the next generation. How do I prevent family feuds and achieve harmony?