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In the spirit of all things prosperous, we’ve delved into the idea of Prosperity Planning, a holistic process that sets to provide solutions for all aspects of your family’s financial wellbeing, taking into account your unique requirements and goals.

Good Prosperity Planning or Estate Planning is an artform, and advice should be sought from professional, well-established, financial firms who can offer you more than just setting up the usual living trust or power of attorney.

Prosperity in all financial forms

When first looking into your family’s Prosperity Plan, your broker should help you lay the groundwork for handling all financial eventualities as well as unexpected occurrences. A good broker will offer the following…

1. Preparation: Whether it’s cash flow, retirement or estate plans, your plan will ensure that your money works for you as well as any beneficiaries when you are gone.

2. Succession Planning: Your plan should include ways to protect your business or your family from taxes when you are gone.

3. Guidance: Your broker should include advice on how to structure your assets and provide investment risk management that has been tailored to your family’s investment goals.

4. Record keeping and neutrality: Your broker should provide precise records to all beneficiaries of a trust as well as be a neutral third party when it comes to administering your trust.

   A Prosperity Plan is not as daunting as some may believe. Rather than focusing on a world of administration (which it really isn’t when put into the right hands); see it as your financial legacy, ensuring that you and your loved ones can be as financially worry-free in 2023.