It’s not what you leave behind, but how you leave it.
Nobody wants to think about death or incapacity. Failing to create an estate plan can lead to financial problems, emotional upheaval and disagreements among family members. Preparation and planning are the only things to do because you care for your spouse and your loved ones.
A properly drafted estate plan can help you minimize the effect of Capital Acquisitions Tax, distribute your assets according to your wishes and also allows you to develop Powers of Attorney to ensure that the persons you select are able and willing to make decisions on your behalf.
Communication is key and a properly drafted estate plan allows you to openly discuss your intentions with your loved ones. Research has shown that families who received advanced notice of what to expect in a will reported fewer disputes over inheritance issues.
Your estate plan ensures that what you intend to happen will in fact happen.
Preparing is caring.
Give us a call at McElhinney & Associates Solicitors to discuss the various estate planning options open to you on (074) 9175989
