Malissa Conlin outlines eight ways to reduce the costs of winding up a deceased estate and protect beneficiaries from unnecessary financial burdens.
These include having a valid, updated will, negotiating executor fees, coordinating estate planning between spouses, reviewing policy and retirement fund beneficiaries, maintaining sufficient cash reserves and using the annual donations allowance. She also stresses the importance of keeping tax affairs up to date and planning separately for offshore assets.
Malissa advises asking: “If I died tomorrow, what would my estate cost, and where would the cash come from?”
Read the full article here.
Malissa Conlin, FPSA®, is a Director, General Manager, a fiduciary services specialist, and manages legal and compliance at Brenthurst Wealth
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