| A carefully crafted estate plan can ensure that only | | | | personal philosophy, values and objectives of the client. |
| your intended heirs or beneficiaries derive benefit from | | | | Realizing that the information shared is very sensitive |
| your estate. If you are unable to make a proper estate | | | | and private in nature a high level of confidentiality is |
| plan in time, it may also prove to be very costly in | | | | maintained. |
| terms of heavy taxes. High estate taxes and | | | | Once the required data has been obtained, it is |
| administrative costs can consume a sizeable part of | | | | analyzed and evaluated to prepare a written report |
| your estate with very little left to be passed on to your | | | | outlining your current financial condition and a proposed |
| loved ones. This is surely not what you would want to | | | | asset disposition plan in detail. |
| happen to the fruits of a lifetime of hard labor. Estate | | | | The report can consist of alternative techniques and |
| taxes can be considerable. For 2007, the rate of | | | | strategies to enable estate tax savings and |
| estate taxation is 45%. | | | | administrative costs that are in consonance with the |
| Professionals rendering estate-planning service can | | | | stated goals. It takes care of the financial and tax |
| help organize an effective plan to let you transfer your | | | | analysis, and suggests alternative estate planning |
| assets to your heirs with the minimum of hassles. The | | | | measures to be implemented. This allows you to |
| plan would avoid needless tax payments and | | | | decide what you are comfortable with and would like |
| maximize the amount that your intended heirs receive | | | | to implement. |
| cutting down costs and time. There may be | | | | After the direction in which to proceed for |
| undeserving heirs you would not like to be recipients of | | | | implementing the plan is settled, the actual |
| any part of what you leave behind. A proper plan can | | | | implementation requires extensive documentation and |
| help you achieve this also. | | | | other action to be taken. In view of the parameters of |
| Once you furnish the details of your business interests | | | | what an estate plan covers, the participation of your |
| and other relevant financial information, an | | | | investment advisors, insurance advisors, attorney, and |
| estate-planning professional can work with you to | | | | some other people in the implementation process |
| prepare your estate plan. These experts have | | | | becomes necessary. Professionals in estate tax |
| extensive and specialized training focused on estate | | | | planning would schedule meetings with these people |
| planning, tax and financial matters. Broad based | | | | and play an active role to ensure that appropriate |
| experience with a solid financial background and | | | | professionals take all steps necessary to carry out |
| innovative thinking enables them to protect your legacy | | | | proper implementation of the plan. |
| and reduce taxes through a well-conceived estate tax | | | | Since each estate plan is highly customized, quality |
| plan appropriate to your individual situation. | | | | estate planning services also provide periodical |
| As a preliminary step in the estate-planning process, | | | | monitoring and review of the estate plan. In the face of |
| your financial situation is reviewed and personal goals | | | | constantly changing economical and tax regulations |
| with respect to the estate plan are established. Usually | | | | that affect your personal situation, appropriate |
| detailed questionnaires along with personal interviews | | | | revisions in the estate plan in line with such regulatory |
| are used to collect the related data. The information | | | | changes are accordingly done. |
| sought relates primarily to the family structure and | | | | |