Estate planning is an important part of the financial planning process, especially if your estate involves significant assets or complex issues. Proper estate planning can reduce the taxes and expenses of your estate, and assist in making the transfer of assets easier and quicker all while protecting your beneficiaries.

From a tax perspective, your estate planning objectives should include:

  • Estate preservation – minimizing and deferring tax on your estate
  • Moving any tax burden to be paid only on the future sale of assets

Estate planning is an ongoing process as your circumstances, needs and wishes change. Regardless of your age, the use of estate planning in conjunction with your Will, is an essential element of life planning. There are different stages of life, and consequently, certain issues may arise that require different estate planning strategies.