Estate planning is an act of love and care. In the Philippines, it is crucial to consider the welfare of your family and business venture in the event of sudden incapacity or death. Research thoroughly, understand basic tools, assess family needs, and involve trusted relatives. Finally, seek professional guidance to create a personalized estate plan for peace of mind.
Category Archives: Wealth
Securing Your Child’s Future: Special Needs Planning in the Philippines
Special needs planning is about empowering children with unique abilities to reach their fullest potential apart from securing a financial legacy to ensure a future where inclusion and opportunity thrive.
Unlocking the Power of Trusts: Why Filipinos Should Consider Them in Estate Planning
Trusts can be a powerful tool for estate planning, providing greater control, flexibility, and tax advantages compared to traditional estate planning methods.
Understanding Joint Wills and the Alternatives for Couples in the Philippines
While joint wills are prohibited in the Philippines, couples have alternative options to effectively execute their last will and testament. Separate wills, mutual wills, and trusts are recognized under Philippine law and can provide couples with the flexibility to express their individual wishes and preferences for the distribution of their assets after their deaths.
Cultivating Your Legacy: Understanding Probate and the Role of Wills in Estate Planning
Executing a will may be a part of the estate planning process. But it is likewise important to consider ways to avoid the probate process, such as revocable living trusts, gifting, and beneficiary designations.
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