Talking about estate succession planning can frighten a lot of people, but this is a very important issue to ensure that your assets are distributed according to your wishes.
We have already seen countless cases of disagreements involving inheritances, capable of separating families. To prevent this from happening, the best way is to think and determine now how your money will be divided, ensuring that everyone is well assisted in the future.
To understand how to do this, follow the full post!
Contents [ hide ]
- 1What is estate succession?
- 2What is estate succession planning?
- 3What are the options for succession planning?
- 4How to plan the estate succession?
- 11. List the assets
- 22. Define the beneficiaries
- 33. Evaluate the available alternatives
- 44. Document everything
- 5How can Magnetis Infinity help you?
What is estate succession?
It is about the organization of how the assets will be transferred to the heirs and descendants after the death of the holder.
Although many people believe that the inheritance can be passed on according to their preference, the law requires that at least 50% of the amount be destined to children, parents and spouse.
What is estate succession planning?
Succession planning is nothing more than determining, while still alive, how the assets will be distributed.
As the division of an inheritance can lead to disagreements and take a long time, planning leaves the family safer and with fewer problems to deal with.
Although the subject is still taboo, it is essential to think about it rationally. Treat it the same way other important aspects are planned, such as moving or buying a home.
With this preparation, in addition to protecting the assets gained for a lifetime, your family can save on inventory fees and the Tax on Death and Donation Tax (ITCMD) .
What are the options for succession planning?
Anyone who wants to organize the division of assets usually adheres to one of the following options:
- Donation still alive;
- Family holding;
- Private pension .
Another good alternative is to think about investments , which allow the return on value and make succession much easier after the owner’s death.
With this strategy, capital appreciates over time , and the family does not have to worry about all the bureaucracy of the inventory. Titles are passed automatically, thus ensuring access to resources that could be essential in such a difficult time.
How to plan the estate succession?
Check out some steps for this transfer of goods to be successful.
1. List the assets
The first step is exactly the survey of what you have inherited, conquered and accumulated throughout your life, in order to have a clear vision of what will be passed on.
Consider absolutely everything: investments, vehicles, real estate, businesses, cash, etc.
2. Define the beneficiaries
Once you know exactly what you have, it’s time to determine who will get what. Think carefully about the possibilities, consider the 50% required by law for family members (heirs needed) and assess how the other half will be divided.
You can leave it to an employee who was your right-hand man, a special friend, a charity, and many other possibilities.
3. Evaluate the available alternatives
After raising the accumulated amount and choosing who it will be distributed to, it’s time to define which instrument will be used for the division.
With this decision, you can now take steps to increase liquidity or enable access to assets, making succession much easier.
4. Document everything
To increase security and obtain legal support in the event of disagreements between the heirs, try to document all this planning.
This is the best way to ensure that your choices are respected, and that the people you care about most are entitled to your assets.
How can Magnetis Infinity help you?
Understanding the need to create investment portfolios that offer good profitability and resilience in the face of market fluctuations, for values from R$ 1 million , Magnetis created Infinity .
This product has state-of-the-art technology for managing investments, using algorithms that seek the most profitable alternatives among more than 20 thousand assets.
The technology is also present in the access by the customer, who can track their income through their smartphone, in a simple and practical way.
Magnetis also has a partnership with Julius Baer Family Office (JBFO), a manager known for keeping the focus on multiplying wealth with sophistication.
In other words, with this product, you get the ideal mix between the most conservative funds and other bolder ones, with higher profitability, so that your assets reach an optimal profitability and protection, to ensure that your assets are transferred safely.
The transfer of assets that make up the Magnetis Infinity portfolio takes place automatically after the holder’s death. In addition, your heirs will have highly specialized management, so that the capital will continue to yield even if they have no knowledge of managing their own money.
In this article, we introduce the concept of estate succession planning and walk you through how to do yours. Remember to organize the issue as soon as possible so that your family has financial support if necessary.