Estate & Financial Planning

Estate Planning

You will invest thousands of hours building your estate. How many hours will you invest preserving it?

Estate planning is the orderly distribution of your assets, both during your lifetime and also after death. It is, therefore, very important to start drawing up a proper estate plan.

If you already have an estate plan in place, please be sure to review it on a regular basis because your changing circumstances will affect your plan.

In order to assist you, we have created a list of questions, that might suggest the need to have your estate plan reviewed, or to have a plan drafted if you do not already have a plan in place. After you have answered the questions, take a moment to consider what effect they will have on your long-term financial and estate planning needs. As well as planning for the distribution of assets to your heirs, a well-defined plan can provide for your enjoyment during retirement years.

Questions to help review your estate plan:

1. Do you have a will? Has it been reviewed in the past three years?
2. Does your will provide for a guardian for your children in the event of your death?
3. Have you recently been married or divorced?
4. Has anything changed significantly in the life of your beneficiaries?
5. Is your executor or trustee still healthy and living in the area?
6. Is your life insurance adequate for both you and your business interests?
7. Have you inherited any valuable assets lately?
8. Have you considered establishing a trust for your children?
9. Have you considered gifting any assets to your children?
10. Have you recently purchased property in another country?
11. Are you considering leaving any of your assets to charity?
12. Have you provided a source of income for your spouse in the event of your death?
13. Are you sure your estate plan is up to date?

Contact our team of professionals who will help identify your estate planning opportunities, taking into account both short-term and long-term goals. Our expertise will help you feel confident about your financial future.

Financial Planning

Financial planning is assessing your practice's financial situation, determining its objectives and formulating financial strategies of how to achieve them. Financial planning should become a continuous activity where the plan is reviewed regularly and performance measured against specific devised targets.

It is a process where we help you set individual long-term financial goals through investments, tax planning, asset allocation, risk management, retirement planning and estate planning.

Planning for a secure financial future is not an easy task and to help you identify your financial objectives we have devised a list of questions. With answers to these questions, we can help you create a successful and achievable plan for action.

Questions to help create your Financial Plan:

1. Do you find it difficult to pay off your debts?
2. Are you unable to accumulate savings, so that you will be able to maintain your standard of living after retirement?
3. Do you know how to optimize the value of your practice?
4. With the increasing costs of university, how will you pay for your children's education?
5. Do you know how to maximize your after-tax discretionary income?
6. How do you best set up a succession arrangement for your practice?
7. What is the best way to finance a planned renovation of your home?

Everyone needs a plan for the future. Even if you are at the top income level, you need to take steps to make the most efficient use of your practice cash flow to ensure a secure financial future. Developing well-defined goals and implementing appropriate strategies will turn your dreams into reality. That's why you need personal financial planning.

Personal financial planning is a process, not a product. It is an organized, well-planned system of strategies that uses your existing financial resources to achieve your short-term and long-term goals.

Your personal financial planning is a strategic process through which we help you answer three fundamental questions:

Often, people are so busy trying to "get there" that they lose track of where they are, or even what "there" really means. Ask us to show you the road map to financial independence.

We are experts in financial planning. We provide a full range of personal financial services, all designed to focus on the key elements of your financial life - your practice, your investments, your retirement, and your estate.

As advisors to Dental Professionals for the past 25 years, we provide you with:

1. Technical expertise;
2. Innovative thinking;
3. Personalized service.

Through our services we will not only help your dental practice thrive but will make sure you and your family achieve financial security!

The best financial plan is useless, unless it is put into action. We not only help you design your action plan, we will also ensure that your plan is implemented.

Whether you are looking for effective strategies to plan and implement a proposed practice transition, save for retirement, or better manage your practice cash flow, we can help.

Contact us today for a free consultation.