Introduction
The mandate for this section of the book is to introduce you to the general concepts of
estate planning. Since every individual has different objectives, needs and issues to deal
with, estate planning is a very personal and individual exercise. To many of you estate
planning is a grandiose exercise only needed by the rich. This is most definitely not the
case. Everyone, who is interested in ensuring their heirs receive as much as possible and
the taxman as little as possible, requires estate planning. Make no mistake, however, for
some individuals estate planning can be a complex area and you must consult the
appropriate professionals to ensure that all practical, legal and tax issues have been dealt
with to the best of your ability. Your parents will need a lawyer and chartered accountant
to start the process. Later they will likely require the services of an insurance advisor and
an investment expert. I simply want to educate you as to general issues and opportunities
that you may in turn identify as important for your parents' particular needs.
Read the complete article here: https://docs.google.com/document/d/1d5OjMJ_bsDnK0kLBPfjxgsW64GO4ziM7EzjCRY0T8pk/pub
The mandate for this section of the book is to introduce you to the general concepts of
estate planning. Since every individual has different objectives, needs and issues to deal
with, estate planning is a very personal and individual exercise. To many of you estate
planning is a grandiose exercise only needed by the rich. This is most definitely not the
case. Everyone, who is interested in ensuring their heirs receive as much as possible and
the taxman as little as possible, requires estate planning. Make no mistake, however, for
some individuals estate planning can be a complex area and you must consult the
appropriate professionals to ensure that all practical, legal and tax issues have been dealt
with to the best of your ability. Your parents will need a lawyer and chartered accountant
to start the process. Later they will likely require the services of an insurance advisor and
an investment expert. I simply want to educate you as to general issues and opportunities
that you may in turn identify as important for your parents' particular needs.
Read the complete article here: https://docs.google.com/document/d/1d5OjMJ_bsDnK0kLBPfjxgsW64GO4ziM7EzjCRY0T8pk/pub