Tax and Estate Planning Is Important to Everyone

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 Tools, Basic Concepts of Property Regime, Basic concepts of Law on Sales, Computation of Capital Gains Tax and Documentary Stamp Tax, Basic concepts of Law on Donations, Computation of Donor’s Tax, Basic Concepts of Law on Succession, Computation of Estate Tax, Living Trust, Family Holding Corporation, Life Insurance Policy and Final Analysis on Transfer of Property

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. 

Tips on How to Find the Best Car Deals

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Buying a car can be an emotional roller coaster. Excitement, anxiety, and anticipation can be overwhelming and may lead to regrets and bad decisions. Thus, here are 7 simple steps to follow if you are planning on purchasing a new car. 

1. Identify your needs and budget - With the different make and models, one may have a hard time choosing the car to purchase. Some of the things that you should consider are the following: 

• What is the purpose of your car? Is it for personal, family or commercial-use?  
• Where will you use it? Is it for city-driving, off-road, long-distance travel? 
• What is the size of the car? Do you have ample parking space? 
• How many seaters do you need? 
• Do you prefer automatic or manual transmission? 

You can easily narrow down your search by visiting a reliable car dealer's website such as https://www.cars.com/. Maximize their filter and search tools to help you out. 

2. Review future costs, maintenance, and resale value. Once you have chosen a car, find time to research more about it and its future costs.

• Are spare parts readily available in your area? 
• Is the maintenance labor-intensive or expensive?
• What is its current rating or review from current owners? 
• Does it have a good resale value? 

3. Determine your "target price." 

After you are convinced that it's the perfect car for you, then the price becomes a deal-breaker. Make sure to set a "target price" that is within your budget. You have to make sure that you still have money after making the big purchase. Remember your car won't run without gas. 

4. Choose your payment terms and trade-in price (if applicable) 

• Are you trading-in an old car? 
• Are you planning to purchase in cash or installment? or lease? 
• What are the ongoing interest rates? 
• How long is the payment period? 

5. Check special offers and promotions

Don't forget to check your dealer's website or social media account for special offers and promotions. A lot of instances, car dealers offer cash rebates, lower interest rates, freebies or extended warranty and additional insurance coverage. 

6. Test Drive

Just like buying shoes, you have to feel and try it to know it's the perfect fit. Never purchase a car without testing it whether it's brand new or pre-owned. 

7. Lastly, Negotiate and Close the Deal

When everything is just right, don't forget to ask your dealer or agent what else can he offer (e.g. more discounts or freebies.) Make sure you have the right documentation and arrangements. Then, be ready to take home your new car.