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: Personal Finance
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.
Future-Proofing: Why Life Insurance is Crucial for Estate Planning, Even in Your 20s and 30s
It is never too early to start planning for the future and protecting the financial well-being of oneself and loved ones. Life insurance is a crucial estate planning tool for young people that offers financial protection, wealth preservation, and peace of mind.
What is Estate Planning?
Estate planning is a multi-disciplinary endeavor for designing a program for the effective management, enjoyment, and disposition of property – personal and real – of the planner at the least possible tax cost and avoidance of probate.
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