Is your estate protected?

That can be a difficult question to answer because to answer it we must first know what you are protecting it from. So if you answered yes, what are you currently protecting it from?

Are you protecting it from:

The state…in the event of your passing are you certain that your will is enough to ensure that your heirs inherit what you’ve intended to leave?

The government…if it decides to confiscate bank accounts or retirement accounts like several other countries around the world have recently?

The taxes…in the event that you have property will your heirs be in a position to pay the necessary taxes to take ownership?

The economy…if there is a major economic downturn or collapse event will there be any estate left?

The family dynamics…is it clear who inherits what and when so that no family feuds ensue?

With a solid estate plan usually you can take care of at least a few of these, but is your estate really fully protected right now?

If the honest answer is, Yes. Then congratulations you are ahead of the game and are better prepared than 99.9% of the people out there.

If the answer now is, No. That’s okay and know that you’re in the right place because as part of our financial planning services we help you make sure that all of these are taken care of. In my experience the gap that exists for most people is the protection against economic events because most people lack that protection in the whole of their portfolio and that obviously includes their estate.

The problem with most estates lies in the structure and then in the assets that are being passed on to the heirs. There are certain types of assets that have a high tax burden where sometimes the only way for the heirs to afford the taxes is to liquidate the asset and if they can’t do that quickly enough then the state happily acquires a new asset for themselves. Unfortunately this happens far too often and the reason it does is because of the lack of liquidity of the assets being inherited.

If you’d like to find out how you can add in one particular element that can fully protect your estate and can actually poise it to grow massively sometime in the next decade then it’s time for you to schedule your Discovery Session.