Family planning

The term "estate planning" has two principal meanings. The first is succession planning, which ensures your estate passes smoothly to your chosen heirs, and controls who gets what and when. The second is tax planning, which ensures what actually passes to your heirs is protected as best as possible from estate duties. Normally, the two go hand in hand. The objective of any estate planning strategy is to ensure that capital passes to the right people at the right time, and as much of it as possible is preserved for the recipients stated. Domicile The main consideration that will affect...