Estate planning
Estate planning is the preparation and documentation of a person's wishes for the distribution of all assets under the control of that person following their passing. By developing an effective estate plan within your overall financial plan, you will help to ensure that your family has the funds to pay off debts such as a mortgage, or provide a sufficient lump sum that could be invested to produce ongoing income.
Some areas an effective estate plan will cover include:
- wills
- capital gains tax
- power of attorney
