20 May '11, 9pm

The key pillars of estate planning: Before distributing the assets to the beneficiaries, your family probably ha...

Benjamin Franklin once famously noted: " … Nothing can be said to be certain, except death and taxes". Two concepts the average person does not like to dwell on and with good reason. However, leaving loved ones bereft in the event of one's passing can prove even less preferable and this is where estate planning comes in. To the layman, estate planning is often misconstrued as simply will and trust planning. But in reality, estate planning is a broad, ongoing process to prepare and manage the orderly disposal of an individual's assets in the event of his or her incapacitation or death. The aim is to eliminate uncertainties such as unforeseen asset leakages (such as expensive medical bills) from the estate and maximise the value of the estate for the family to inherit. Sound estate planning reduces the financial impact of a person's death on the people that matter to them. T...

Full article: http://www.todayonline.com/Business/EDC110521-0000283/The...

Tweets