Estate
Planning
Protect Your Legacy
Secure the future of your loved ones with thoughtful estate planning. At R&D Financial Services, we help you preserve your wealth, minimize tax impact, and ensure your assets are passed on according to your wishes—creating a lasting legacy with clarity and confidence.
Tailored estate planning for every family
- Estate planning isn’t just for the wealthy, it’s a vital strategy for anyone looking to protect their assets and ensure their financial security.
- A well-structured estate plan helps prevent potential family conflicts by clearly defining asset distribution and your wishes.
- From creating a Will to safeguarding your mortgage, tailored estate planning solutions can help secure the financial future of your loved ones.
Will and trust - Your wishes, clearly defined
Group health insurance offers comprehensive coverage for employees, providing affordable medical benefits for individuals and their families through their workplace.
Wills
A Will ensures that your wishes for asset distribution and guardianship are legally recognized, helping to avoid confusion and disputes among your family members after your passing.
Trusts
A Trust provides more control over how your assets are managed and distributed, offering privacy and helping avoid the lengthy probate process. Trusts can be revocable or irrevocable, depending on your needs.
- Revocable trust - Flexible and can be changed during your lifetime.
- Irrevocable trust - Offers stronger asset protection and tax benefits but cannot be altered once created.
Mortgage protection - Keeping your home safe
Mortgage protection insurance helps ensure your mortgage is paid if you become ill, disabled or pass away. This coverage provides peace of mind that your family can remain in their home during difficult times.
How Mortgage Protection works?
- Covers mortgage payments if you can’t work due to illness or injury.
- Pays off the mortgage if you pass away, protecting your family.
- Choose a plan that fits your needs, whether for a specific time or full coverage.
Benefits
- Coverage for unexpected events like illness or death.
- Prevents your family from losing their home.
- Affordable options based on your needs.
Asset protection - Safeguarding what you’ve worked for
Asset protection strategies help shield your wealth from lawsuits, creditors and unforeseen circumstances, ensuring your hard-earned assets are preserved for future generations.
Protection strategies
- Trusts - Place your assets in a Trust for stronger protection from creditors.
- Insurance - Secure comprehensive insurance to cover property, health and liability risks.
- Legal structures - Set up LLCs and other structures to protect your personal assets from business-related risks.
Why it matters
- Ensures your assets are distributed according to your wishes.
- Prevents probate and reduces legal conflicts.
- Protects your family from unnecessary complications.
Protect what matters most
Get the answers you need to safeguard your legacy and ensure your wishes are honored
1. What is the difference between a Will and a Trust?
A Will directs how your assets are distributed after your death, while a Trust can manage and distribute assets without going through probate, providing more privacy and control
2. What exactly does mortgage protection cover?
Mortgage protection insurance helps cover your mortgage payments if you become ill, injured or pass away, ensuring your family can remain in their home.
3. Do I need both a Will and a Trust?
While a Will is essential for directing your estate after death, a Trust provides greater control, privacy and protection for your assets during your lifetime and beyond. Many people choose both for comprehensive planning.
4. Can I make changes to my Will or Trust after they are created?
Yes, both Wills and Trusts can be updated or amended. It’s important to review your estate plan periodically to ensure it reflects changes in your life circumstances, such as marriage, divorce, the birth of a child, or significant financial changes.
5. What happens if I die without a Will or Trust?
If you die without a Will or Trust, your estate will be distributed according to state laws, which may not align with your wishes. This process, called “intestate succession,” can be lengthy and costly, often leading to family disputes.