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Property investment enables you to generate a passive income. This means that you can earn money you don’t have to work for.
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Estate planning, simply put, is the process of arranging and managing your assets during your lifetime so that when you die, your estate is transferred in accordance with your wishes. Effective estate planning can ensure that estate duty, taxes and other costs associated with death are minimised as far as possible, and it can make extending your legacy to multiple generations easier.
Estate planning is also aimed at protecting the beneficiaries of your estate, particularly where there are special needs involved.
Estate planning entails the legacy you would like to leave through your will, as well as giving consideration to the establishment of trusts and the needs of your beneficiaries, be they majors or of minor age. The estate planning process generally starts with the drafting of your will.
If you’d like to find out more about how PropInvest can help you with your estate planning, then click on the link on this page to get in touch today and we’d be glad to assist you with a free consultation.