Family Succession Planning
Family Succession Planning ensures the protection and succession of your assets during your lifetime so that it can be passed on to your intended beneficiaries at an opportune time and in a hassle-free manner. Succession planning isn’t only for the rich. Without a plan in place, settling your affairs after you go, could have a long-lasting—and costly—impact on your loved ones, even if you don’t have a pricey home, or valuable art to pass on.
KEY TAKEAWAYS FROM SUCCESSION PLANNING:
- Succession planning allows you to choose who gets what.
- Succession planning affords you the chance to name your children’s guardian in the event of your early death.
- Succession planning reduces taxes on what you leave behind.
- Succession planning minimizes the chances of family strife and ugly legal battles.
In PKP we offer the following services in Family succession planning
- Advisory
- Drafting & Execution
- Trusteeship
- Executorship
- Safe Custody