Estate planning
It is vital to develop a plan that specifies in detail how your assets are to be distributed upon your death, or to be managed in the event you become incapacitated and unable to make sound financial decisions.
Why is estate planning so important?
National and local governments are fully aware of the potential tax windfall from inherited assets. Legislation empowers them to take a significant slice of your financial pie and the larger your estate, the bigger the slice they can take. So-called “death taxes” can decimate an estate unless a careful strategy is developed.
Townsend Cole Group professionals are experts at showing you how to use completely legal methods to “ring-fence” your wealth, keeping as much of it as possible off-limits to government revenue collection services.
How we help
Townsend Cole Group can provide assistance in many areas to make sure your estate flows to your heirs and not to the government:
- Managing seamless transfer of your assets
- Ensuring that dependents are provided for
- Setting up insurance policies
- Establishing flexible trusts that “ring-fence” your estate, while maintaining full tax compliance
- Providing guardianship and power of attorney services
- Appointing estate executors
