ESTATE PLANNING

Estate planning is much more than the drafting of your will or ensuring your affairs are correctly structured to limit estate duty. With estate planning, you need to consider your current financial circumstances, your financial needs as well as the legacy you wish to leave behind. Your estate plan should constantly evolve together with your changing circumstances.

BENEFITS

Will Drafting

Will drafting is essential for estate planning, as it guarantees that your wishes are followed according to your instructions. PBA has partnered with attorneys to offer legal guidance and create legally binding wills that accurately record your wishes, while complying with relevant laws. This simplifies the estate administration process and provides clarity to your family members and beneficiaries.

Estate Planning

Estate planning involves intricate calculations and considerations to ensure efficient asset transfer, minimize tax liabilities, and reach financial goals. This includes net worth and estate tax calculations. It's essential to review and update the plan regularly to account for changes in lifestyle, financial circumstances, tax laws, and family dynamics

Life Insurance Needs Analysis

Estate planning involves assessing your need for life insurance to cover potential estate tax liabilities, provide liquidity for the estate, or equalize inheritances among beneficiaries. It is also crucial to evaluate the tax implications of life insurance proceeds.