Every parent wants their child to do better than themselves, to have more and to want for less. It is because of this, that many elders look to establish an effective estate plan that makes sure that what they leave to others gets there with the least amount of tax, costs and time.
Whether you have real estate, savings, family heirlooms or collectables, it is important to consider proper designations, directions and administrators. Transferring a cottage to one party, while designating another party as beneficiary in a pension plan (or bequeathing jewelry or an heirloom to a third) may be easy, logical and practical, but the estate administration implications are enormous.
Since children, grandchildren and other family members are the most common beneficiaries, we can help you clearly articulate the details and specify items properly in order to avoid delays and legal actions.
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