H & L Capital - ScotiaMcLeod Calgary - Estate Planning
H & L Capital
Life Insurance, Estate Planning
For many, estate planning sounds lofty and complicated, but it really isnt. Everyone should give careful consideration to the financial, legal and tax issues that will affect the transfer of your assets to your beneficiaries.
At any age, an estate plan can help you:
- Set a value on your estate through an analysis of your assets and project estate values over time
- Assess and address current and future liabilities, such as mortgages or bank loans, probate fees (estate settlement legal proceedings), taxes, legal fees, executors compensation and any personal guarantees that will be payable by your estate
- Determine how best to meet the needs of your beneficiaries
Every estate plan should include the following:
- An updated will
- Life insurance
- Powers of attorney and/or personal directive
An estate plan can protect your estate and your intended beneficiaries from costly legal red tape, competing interests and unnecessary taxation. This is reason enough to give it some serious consideration.
, Life Insurance