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Seed can help with your estate planning—whether it’s getting started, guiding you through the process, or putting your plan into action. Make sure your current needs and future wishes are met. Ponder this: All other documents can be revised, cancelled, amended and interpreted by the maker but, on death, the Will is final. Your Will is therefore without a doubt the most important document of your life. A well-drawn Will together with expert estate planning advice: - Facilitates the smooth and efficient liquidation of your estate;
- Ensures that your wishes are respected;
- Ensures that your estate will be distributed quickly to your heirs on your death;
- Can reduce the impact of taxation and other costs on your estate;
- Gives you and your family peace of mind.
Failing to draft a Will, or having a poorly drafted Will, may have the following results: - The State provides a fixed formula for the division of your Estate which may not accord with your wishes;
- It generally leaves complications for your family;
- It could leave your family with a financial mess to clear up;
- It could have a detrimental effect on your minor children; and
- The time taken and costs of winding up your Estate could soar.
Take these four steps to implement your plan:
- Understand the fundamentals of estate planning— how it works and how it might benefit you;
- Inventory your assets, liabilities, and beneficiary designations and estimate estate costs;
- Decide on Executors, Trustees and Guardians (if applicable);
- Contact Seed and create a plan with your expert estate planner; and
- Put your plan into action with the help of your expert estate planner and email us today.
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