Estate and Legacy Planning (Onshore/Offshore)
An Estate is the accumulated wealth or assets owned by an individual, while Estate Planning are actions and processes required in arranging a person’s wealth and assets, including the management and their disposals, during a lifetime, or upon death and other incapacities.
With estate and legacy planning, you are able to pass what you have on to whom you want, when you want, and in the manner you want. This will prevent unnecessary costs (litigation, probate, etc) or chaos in your estate
At Fiduciary Services Limited, we handle the management, transfer and distribution of your assets, applying various estate planning tools customised to suit your wishes.
An estate plan allows you:
- To have a say in what happens to you, your assets and loved ones when you can no longer actively dictate same;
- Ensure the continuity and protection of your business and business interests;
- Deliberately ascertain all your assets and entitlements (including work benefits/gratuity) and who would benefit from same in your absence or death;
- Structure your assets to minimize avoidable crises among loved ones in your absence;
- To make special provisions for minors and differently enabled (disabled) children;
- To ensure your Estate is not exposed to Extended family’s manipulations;
- To enjoy continuity of your lifestyle and that of your spouse (in your absence);
- To facilitate continuity of charitable deeds that are important to you and preservation of your legacy, and
- To cater for funeral arrangements
STEP publishes report on benefits of trusts
Social and Economic Benefits of Trusts draws together existing evidence and research about the ways in which trusts can be, and are, used for wider societal benefit, and how they impact every facet of society. The aim is to improve understanding and address common misconceptions, presenting the positive evidence base and shining a light on how and why trusts are used.
