Estate Planning Importance

A lifetime of commitment and hard-work goes into a successful accumulation of an estate. In time, the estate grows in size and worth. However, estate shrinkage due to lack of planning can defeat the original purpose. Thus, the importance of estate planning cannot be denied.

1. Protecting Assets
   Estate planning is the securest and most risk minimizing method to protect the intrinsic value of assets. Allows the continued growth and increase in profitability and liquidity. Helps achieve the ultimate objective of conservation and preservation. Avoids the problem of insufficient income provision for heirs. Provides for a well planned retirement plan. Allows the integration of life insurance and other assets.
    
2. Leaving The Maximum Amount To Heirs
   Estate Planning should be an integrated part of one's personal wealth-building strategy. Will ensure that the property is distributed according to the individual's wishes instead of the state's. Preserves the maximum amount of wealth for the benefit of the loved ones. Minimizes estate settlement costs. Avoids inadequate liquidity in the estate.
    
3. Avoiding Estate Shrinkage
   Delay is avoided in distributing assets to beneficiaries. Sufficient liquidity is provided to cover estate settlement costs. An orderly business ownership transfer is structured. The family's present standard of living is maintained. Allows flexibility in estate planning. Provides proper planning when comes to disposing business interests. Enables in depth planning and reviewing of estate plan on a regular basis.