Benjamin Franklin said that there are two certainties in life: death and taxes. That’s where tax planning for today and estate planning for the future can help you maintain the wealth you’ve worked hard to achieve.
Estate planning is simply structuring your affairs to preserve your wealth today and to transfer what’s left at the time of your death to those you wish, whether it be family, friends, business partners, or a favourite charity, with the most benefit to them.
For some people, estate planning may simply involve making some minor changes to an existing will, but for others it may involve setting up a trust, purchasing life insurance, or creating a business succession plan.
Preserving your wealth today generally means that you wish to protect your hard-earned money from being consumed by taxes. An EFG advisor can show you smarter ways to invest your money and reduce your taxes, so you can hold on to what is yours.
To learn more about tax-efficient estate strategies speak to an EFG financial advisor.