Estate planning involves many aspects. Creating a last will and testament, living will and trusts are all well-known parts of estate planning. Another aspect that one must consider when planning their estate is wealth preservation.
Wealth preservation is the process of managing assets to ensure that their value does not decrease. Quite simply, wealth preservation ensures that your assets continue to grow so that they can provide a legacy for your family after you are gone.
Wealth preservation seeks to maintain existing wealth through investments plans that can help secure your wealth long term. In regard to estate planning, wealth preservation involves finding strategies that help minimize tax burdens. As part of an estate plan, wealth preservation can help you preserve what you had spent a lifetime building and ensure that your investments go where you want them to.