Estate Planning is an essential part of life. Just as ordinary plans are put together to steer one through life, estate plans must be put into place to deal with the inevitability of death. These plans can be as simple as keeping one’s last will and testament up to date or as complex as setting up trusts.
Estate Planning can be viewed as the arrangement, management and disposition of a planners estate so that he, his family and his heirs derive the maximum enjoyment and use from the estate assets.
An Estate Planning may involve the following components:
A effective estate plan should embody simplicity and effectiveness.