They say that the only thing that's constant is death and taxes. A few days ago, I was able to read an article about the family who is struggling and fighting over with their inheritance. There was no will left by the husband/ father and the beneficiary written on his assets may have not been updated. In this scenario, it was named after the decedent's sister and not the surviving wife and children. They also have some issues in terms of transferring the properties due to the cost and taxes involved.
We can all say that it is not easy to lose a loved one and problems like these are certainly not welcome. According to experts, these scenarios could have been avoided if proper estate and tax planning was made.
Tax and Estate Planning may not be exciting but it is important and practical. This is not just for wealthy families but also for middle-earners or investors who are very keen in planning their family's future.
Some of the reasons why you should consider estate planning are the following:
1. Protection for your children. Making sure that it goes to the right person or the appropriate trustee is assigned.
2. Avoids family conflicts. Whether we admit it or not, family disputes arise when money is involved. Much more huge amounts from inheritance.
3. Minimize cost and taxes. Tax and Estate Planning helps you minimize cost and taxes when transferring the estate or property.
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So, if you want to learn more about Tax and Estate Planning, Gargoles Law Office will be conducting a seminar on August 15, 2017 at the WSI Corporate Center in Makati City.
Key topics would include: Estate Planning
It is also recommended to CPAs since it comes with CPD Credits. For more details, you may visit their Facebook page or register online via this link: http://bit.ly/TaxandEstatePlanning.
I really have no knowledge about tax and estate planning so this seminar is really interesting. I'm all for investing for one's self through workshops and seminars. Thanks for sharing!
ReplyDeleteHow true. And it is important that ladies learn the basics and importance of tax-planning. In my country, tax planning is the headache of the men folk which should not be the case. Ladies , often have to bear the whole burden of their households in case something untoward happens and in that case, tax planning helps.
ReplyDeleteWow, this is truly an interesting seminar to attend. I truly agree with all your points here as this is a reality that most people are facing nowadays. I will surely share this to my friend who is also a CPA and he might be interested to attend. Thank you so much for sharing this amazing information with us. I really appreciated it so much.
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