{"id":248880,"date":"2024-03-01T14:36:01","date_gmt":"2024-03-01T14:36:01","guid":{"rendered":"https:\/\/www.askpaul.ie\/?p=248880"},"modified":"2024-03-26T12:39:47","modified_gmt":"2024-03-26T12:39:47","slug":"an-easy-guide-to-estate-planning","status":"publish","type":"post","link":"https:\/\/www.askpaul.ie\/an-easy-guide-to-estate-planning\/","title":{"rendered":"An Easy Guide To Estate Planning\u00a0"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#4bbdcd” background_image=”https:\/\/www.askpaul.ie\/wp-content\/uploads\/2019\/03\/DevBanner.jpg” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Title and subhead” _builder_version=”4.19.2″ text_font=”Ubuntu||||||||” header_font=”Raleway|700|||||||” header_text_color=”#ffffff” header_font_size=”34px” header_line_height=”1.4em” text_orientation=”center” max_width=”1200px” module_alignment=”center” custom_margin=”-20px||-80px||false|false” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|desktop” header_font_size_tablet=”30px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” z_index_tablet=”500″ global_colors_info=”{}”]

An Easy Guide to Estate Planning<\/span><\/span>\u00a0<\/span><\/h1>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”-40px|auto||auto||” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider show_divider=”off” _builder_version=”4.16″ height=”24px” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Blog” _builder_version=”4.20.2″ text_font=”Montserrat||||||||” text_font_size=”18px” text_line_height=”1.5em” hover_enabled=”0″ z_index_tablet=”500″ global_colors_info=”{}” sticky_enabled=”0″]

Estate planning is important for anyone who wants to protect their assets and ensure a smooth handover to the next generation.<\/span><\/p>\n

Practical planning tools to get started:\u00a0<\/span>\u00a0<\/span><\/p>\n

A Will:<\/strong><\/p>\n

This is a legal document prepared by a Solicitor that describes how you would like your assets to be distributed after you pass away. It shows who gets what and helps prevent disagreements that may arise among your family. It’s an essential first step in any estate plan.<\/p>\n

Power of Attorney:<\/strong><\/p>\n

This is a legal arrangement which appoints someone to look after your financial and or personal affairs if you can’t. Think of it as a trusted ally who manages your affairs when you are unable to do so. The person appointed is called your attorney, but it does not need to be a solicitor.<\/span><\/p>\n

If you need more information get in touch with a solicitor or contact decision support services here<\/a><\/span><\/p>\n

Estate planning and wealth preservation can be a bit tricky, and that’s where professionals come in. Financial advisors have valuable knowledge and experience to help you create a plan that fits your unique goals.<\/span><\/p>\n

Why Financial Expertise & Advice Matters?<\/strong><\/p>\n

Tax-Efficient Inheritance Planning:<\/strong> Understanding how tax affects your estate is crucial. Plan to minimise taxes to ensure more of your wealth goes to your loved ones. A great way to reduce inheritance tax is by setting up a Section 72 Policy\u00a0<\/a><\/span><\/p>\n

Tailored Plans:<\/strong> Your situation is special, and financial advisors can create a plan that fits your specific needs & objectives.<\/p>\n

Peace of Mind:<\/strong> Knowing you have expert financial guidance provides peace of mind that your wealth is in capable hands.<\/p>\n

Estate planning and building a legacy might seem overwhelming, but with professional advice, it’s a step-by-step process that anyone can handle and with regular reviews, it will stay in sync with your evolving situation. With a solid plan, you’re not just securing your assets; you’re creating a lasting legacy for your loved ones.<\/p>\n

Passing on wealth isn’t just about passing on money; it’s about setting up the next generation for success while safeguarding what you’ve built.<\/p>\n