Estate Planning – Transfer of Assets

Transfer of Assets

June 28, 2016

Q: How can I make sure my assets will be transferred to my loved ones properly and according to my wishes, after I am gone?

A: Estate Planning is not difficult and can save your family a lot of grief if you are prepared. This generally involves five key steps:

  1. Talk to the appropriate professionals to create an estate plan. Start with a financial advisor, but you should also consider legal, trust and tax advice.
  2. Prepare a balance sheet including everything you own and everything you owe. Determine who will inherit your assets and how your liabilities will be paid.

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