Steps for Estate Planning

Estate Planning 資產規劃

Keeps more of your money in the hands of your heirs (NOT in the hands of government)

留下更多您的錢給繼承人手上(不是政府手上)

Minimizes income tax and probate fees 減低收入稅和法庭認証費

Declare your personal care preferences, including terminal medical treatment and organ donation intentions

表達您個人護理方面的心意，包括病危醫療方法及器官捐贈意願

Distribute your assets as you intended; provides funds to cover funeral expenses, taxes, as well as immediate and/or long-term family living costs

按照您的意願分配您的資產; 分配基金支付後事費用，各種稅項，及家人生活費

Appoint people to carry out your last wishes and care for your minor children or any other disabled family member

選擇適合的人為您實行最後的意願及照顧未成年子女或任何傷殘的家人

Step 1 第一：

Designate a team of professionals 選擇一個專業團隊

＞Lawyer 律師

＞Financial Planner 財務顧問

＞Tax Planner 稅務顧問

＞Executor 遺囑執行人

＞Trustee 信託人

Step 2 第二：

Draw up a household balance sheet 寫出您家庭的資產負債表

Step 3 第三：

Understand your life insurance needs 了解您在保險計劃的需要

Life insurance is crucial to estate planning. It’s important to work with your advisor to match your long-term financial objectives with your insurance needs. Proceed from life insurance policies is tax-free and can be used to:

人壽保險於資產規劃中佔非常重要的角色。您的顧問能幫助您了解為了配合您永久財務上的目標在保險上的需要。保險金是免稅並可能用於：

＞Replace income 取代收入

＞Pay estate expenses (funeral expenses, income taxes, capital gain taxes, medical bills, estate admin and probate fees, debts, etc…)

支付資產費用 (身後事，收入稅，資本增值稅，醫療費，資產行政及法庭認証費，債務等等)

＞Leave an inheritance 留下遺產

Step 4 第四：

Draw up your “WILL” 設立遺囑

You want your assets to be distributed according to your will but NOT the government’s.

您願意您的資產照您的意願分配並不是政府的意願

＞Name the person or institution (executor and estate trustee) that will administer your affairs on death

選擇某人或公司(執行人和信託人) 管理离世後的事務

＞Administer and/or pass on your assets 繼續管理或分配您的遺產

＞Name a guardian for any minor or disabled children

為未成年或傷殘子女選擇監護人

＞Express any limits on the use of your assets 限制如何使用您的遺產

Step 5 第五：

Establish power of attorney for property and personal care

設立授權書管理您的財產和個人護理

At some point in the future you may be unable to make your own financial and/or medical decisions, you may prearrange for someone to administer and make these decisions according to your wishes

將來某天萬一您沒能力再管理您的財產或作醫療護理決定，您可預先指定和安排某人去按照您的意願為您管理和作任何決定

Step 6 第六：

Minimize taxes and admin fees 減低稅項和行政費用

Your estate ----＞ Probate taxes -----＞transferring ownership----＞inheritor

您的遺產------＞法庭認証費--------＞轉換擁有權-----------------＞繼承人