Estate Planning

Estate planning is the process of anticipating and arranging for the distribution of assets accumulated during one’s lifetime. Estate planning typically attempts to eliminate uncertainties and maximize the value of the estate by reducing taxes and other expenses.

The most important document any one of us can have to assure that our estate is handled properly when we die is a will. A will sets out in clear terms what your wishes are in the disposal of your estate. Typically this involves things like real estate, investments, life insurance proceeds and personal possessions. A will names an executor whose job it is to carry out a person’s wishes. It also sets out the names of the beneficiaries. Example: who gets what and when do they get it). A beneficiary is usually a person or persons but can also be a charitable entity. A will should always be prepared by a lawyer who is fully aware of your financial situation.

Success’ N Planning assist s clients in the planning process before the meeting with their lawyer. This includes discussing many issues, including but not limited to, matters that may have income tax implications, looking at the designation of principle residence, naming guardians, trustees for minors and in general terms creating an environment for family harmony among the survivors.

We also strongly urge our clients to also acquire a power of attorney and a personal health care directive. These are documents that deal with financial and health matters should a person become physically or mentally incapacitated.

Insurance products available through IPC Estate Services Inc. & PPI Solutions.