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Estate planning

Written by Itziar

Estate or legacy planning is a complicated process. MeaVitae makes it a little easier!

With estate planning, you can ensure your assets are transferred to the people you wish should something happen to you.
Your estate plan includes your total assets, including all your possessions and accounts and how you’d like these assets to be distributed when you pass away.
And one more thing: Estate planning is for anybody with financial assets, not just for the wealthy!

Check below a list of documents you should include in your estate plan:

  • Last will and testament
  • Living trust
  • Durable power of attorney
  • Healthcare power of attorney
  • Living will

A strong estate plan should always include methods to manage and protect your estate should you become disabled during your lifetime.
Asset protection involves taking early legal action to deter or avoid direct legal action, charge, or encumbrance on your estate. In other words, it means shielding your assets to make it difficult and, on certain occasions, making it impossible for your assets to be seized, adjudicated or administered against your will.

When one enters into the complex issue of asset structuring, they are faced with the decision to choose the best instrument based on their needs and short, medium and long-term objectives. The size of your estate should also be considered, as some very efficient solutions can also be expensive.
On this path, the advice of a professional is very important to help you make the right decision taking all these parameters into account.

MeaVitae helps with estate planning! With MeaVitae, you can keep track of your estate and plan with the help of professionals.

Category: Legacy
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