faq

EPS (Estate Planning Services)

Have You Ever Asked Yourself these Questions?

• How would my family survive if I were not there for them?

• What would happen to the plans I've made?

• What if my spouse were to die?

• Who would preserve my assets and investments?

• Who would I want to receive my assets?

• What impact will taxation have on my estate?

These are not pleasant things to think about, but you work hard to establish financial security for yourself and your family, and you certainly don't want it all to vanish if something were to happen to you or your spouse. That's why you need an estate plan.

What is Estate Planning?

Most people spend more time planning a two-week holiday than the rest of their financial lives.

A lack of proper financial planning could result in your paying more estate tax and other related expenses,

and passing on less to your family. It doesn't have to be this way.

At Highlife Branch, we have a proprietary Process and it is designed to simplify and personalise your estate planning goals. We understand the importance of planning, so with this innovative process, you can develop an estate plan that will secure the greatest financial wealth for your family by using tax-minimising techniques. It could not be easier.

The Estate Planning Process

There are six vital steps in the estate planning process as outlined below:

Step 1: Evaluate Your Current Financial Situation

What sources of cash and income will your family have when you pass on?

Does your family depend upon your income?

What assets and investments do you own?

Step 2: Determine Your Estate Goals

Who do you want the beneficiaries of your estate to be?

Who do you want as an executor?

What assets do you want to pass on to your beneficiaries?

What expenses, debts or taxes will your estate have to pay?

What income do you want to leave for your family?

Step 3: Identify any Financial Barriers to Your Estate Goals

You know what your goals are. Do your assets and investments provide enough money to accomplish those goals? Do you have a will in place to ensure the smooth distribution of your estate?

Step 4: Develop a Plan

Your advisor will provide you with a written recommendation that will help you align your estate funding with your estate needs. This will include specific recommendations focusing on will planning, investment planning, retirement planning, and life insurance needs.

Step 5: Implement the Plan

The best time to set your plan into action is right now. It's never too early, and certainly never too late to begin. A plan that sits on the shelf won't accomplish anything.

Step 6: Review Regularly

It's vital that you and your advisor regularly review your estate plans to ensure that your goals align with your funding. As things change, you can work together to make the necessary adjustments.

Developing a concrete estate plan may appear to be a bit daunting. It does not have to be.

All you need is to spend 45 minutes to 1 hour with your spouse to go through the initial fact find with our Estate Planner, and you will be able to start maximising the assets your family will receive.