You’re probably not thinking about your heirs as you manage your share portfolio. But what if you get sick? And what happens after you die? This is the first in a three-part series on estate planning.
) from a reader about the perils of inheriting a share portfolio when the principal becomes ill. It set us to thinking about how best to pave the way for your heirs to inherit your share portfolio. The following is the first in a three-part answer, from Graeme Körner, founder of Körner Perspective.hough this advice is more focused on family wealth, it is also relevant for those of more modest means.
Making your investment portfolio more resilient is a little more complex than simply following some widely quoted investment wisdom, but it is quite manageable when one breaks the task into logical parts.2.
The potential value destruction of inadequate estate planning ranges from mild , to devastating, when poor decisions are made due to incapacity or portfolios are left unattended for many years.While many see estate planning simply as how your estate will be managed upon your death, we’d argue that effective estate planning must consider estate duty tax and other implications of death, as well as provide for a scenario in which a person is, or becomes, incapacitated.
Valuable lessons can be learnt from wealthy families, most of whom use structures such as trusts and companies to hold and manage their wealthA growing factor in estate planning is the increase in the prevalence of dementia as life spans get longer. Later stages of dementia typically leave people unable to manage their own affairs.a power of attorney becomes invalid if a person is incapacitated. This may then require appointment of a curator to manage all the affairs of the person concerned.
Valuable lessons can be learnt from wealthy families, most of whom use structures such as trusts and companies to hold and manage their wealth. We want to hear from you! Send questions to
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