The 4 types of people in an estate plan
On Behalf of Porter Ramsay LLP | Jan, 19, 2021 | Wills And Estates
Putting together an estate plan can be a very personal process with very individual decisions. Despite the personal nature of such planning, the reality is that there are four groups of people implicated in the decisions made. It is important for planners to think carefully about each group and communicate effectively where possible to allow for more straightforward estate administration. The four groups are: Beneficiaries: These are the people who will get assets after death. Depending on the details in the will, beneficiaries may receive a percentage of the value of assets, or they may be left with a specific... View Article