The legal and tax laws that determine the way a person's estate is handled when he or she passes away, could be complex and it changes regularly. It is essential to have an estate plan in place that incorporates your wishes, especially if you have a family and/or dependants.
Many people lack an appropriately drafted estate plan. It is always sad when a loved one passes away and it always comes at an inopportune time. It is even more distressing when families are left behind, to find themselves destitute.
You may be tempted to think that having many life insurance policies will automatically ensure that your loved ones are taken care of. However, if your estate plan is not well drafted, it often results in heavy taxes and administration costs being levied on the estate. Proper planning can prevent such a situation.
Don't wait until it's too late. Make sure your financial affairs are in order so that your loved ones will reap the benefit of your proper planning.
A DSA Advisor can assist you in carefully implementing an estate plan and drafting your final Will and Testament.