Wills and trusts play important roles in the organization and preservation of your estate. A will is the cornerstone for an estate plan and deals with all matters regarding the distribution of your estate assets. Wills and trusts can be used to protect the interests of your heirs and also reduce the impact of taxes and probate legal fees.
In addition, if you do not have a proper record of your assets and vital documents, valuable assets can be “lost” during the estate settlement process. For example, there are billions of Euros in unclaimed money currently held by the government waiting to be claimed by the beneficiaries of deceased relatives. We will provide a record keeping system so that you can maintain an accurate record of all your assets and vital documents.
Furthermore, it is vitally important to understand that most estates usually comprise of assets that are not readily convertible into cash. For example, real estate, long term financial investments, business interests, rental properties and other assets. In other words, most estate assets are generally illiquid.
If proper funding arrangements are not made then it is highly probable that valuable estate assets may have to be liquidated at fire sale prices in order to pay for the estate settlement expenses. These expenses can easily amount to thousands and even millions of Euros in the case of larger estates. We will show how you can fund estate settlement expenses without having to liquidate valuable estate assets. We realize that estate planning may be a daunting task for many people. That’s why we have simplified the process so that it is easy to understand and implement.