Be comfortable with how your personal and business assets will be disposed of and with the tax implications that go with it. It may be important to make sure you fully understand who will receive your assets and how they will receive them.
Insurance is the most cost-effective way of managing your risks. When you buy insurance, you transfer the financial implications of a potential loss to an insurance company in exchange for a fee.
Is giving money to charities of importance to you? If so, it will become important to properly prepare for gifting cash, investments or insurance to ensure the distribution of your gift to worthy recipients is executed in the most tax-efficient manner.
Deciding on how to leave a legacy to your heirs can be a difficult decision. Having access to trusted legal and tax professionals makes certain that a trust plan is put in place to accommodate your important wishes.