Tax Planning
Tax and estate planning are integral parts of the financial planning process which carves a security cover around the wealth and assets already created for entitling them to dependents without any legal hassles with optimum tax efficiency.
One has to understand that tax planning is not be seen in isolation; rather it should be a part of a holistic financial plan treating tax as an expenditure, which needs to be minimised.Though the process is challenging both emotionally and technically, taking the services of a certified financial planner, or CFP® , is preferable who can guide one through the process getting the right inputs as and when required.
Estate planning
Estate planning is the legal arrangement for transfer and distribution of one’s wealth in anticipation of death and the process by which the arrangement is completed to ensure that the wealth is distributed as per the desire of the individual. Estate planning involves certain arrangements by which the wealth can be bequeathed legally which include Will, Power of Attorney, Trust and Gifts
Other things may change us, but we start and end with the family.
-Anthony Brandt