Families’ guide to will-writing, trusts and inheritance

To help families preserve their legacy in handing it down to the next generations, the Center for Global Best Practices will run a one-day pioneering seminar entitled, “Families’ Guide to wills, trusts and inheritance: WillWriting, trust-making and inheritance-giving the right way,” scheduled on Dec. 7 at the EDSA Shangri-La Hotel, Mandaluyong City.

The fear of many grandparents, parents and families who worked so hard for their wealth is for it to be wasted or end up in the hands of bad relatives and outside predators in case of their death or incapacity. When you want to spare your loved ones of the burden of dividing and even quarrelling over your estate, or the pain of having to pay for the unnecessary legal costs and taxes, one should write a will or create a living trust. It is the right thing to do. When you don’t have one, you run the risk of your assets going to waste. Others attempt to write a will without proper guidance. But writing a defective will is as good as having no will. In many instances, this becomes a subject of long, painful litigation.

To help you and your family on this legacy making initiative, this one-day seminar will provide a practical guide on will-writing the right way and creating living trusts that address properly the many issues including: a) the care of minor children or your parents and other loved ones after your death; b) your care in case of incapacity; c) guardianships; d) administration of your estate and many more!

For details and a complete list of best practices seminars including New year tax updates and remedies, Board effectiveness best practices, Property owner’s guide to eject squatters effectively, Masterclass in writing minutes of meetings and more, you may log on to www.cgbp. org or call (+63 2) 8427148/ 59 and 5568968/69, Cebu (+63 32) 5123106 or 07, Baguio (+63 74) 4235148 or Legazpi (+63 52) 7360148.

This unique seminar will feature an expert in estate planning and asset protection law — Atty. Nicasio Cabaneiro, CPA. He is the partner in-charge of tax programs at the Center for Global Best Practices. He is a sought-after lecturer and estate planning consultant of high net worth families and individuals to help them with their tax and other legal matters.

Cabaneiro is an authority in the practice of taxation and commercial law with over 40 years of teaching experience and 25 years with Bank of Philippine Islands capping his career as its vice president and head of the legal services division. He finished his accounting degree (magna cum laude) and his law degree (cum laude) at the San Beda College of Law.

Families, estate planners, and those interested in this topic are encouraged to avail of the early payment savings and group discount for three or more participants. Seats are limited and pre-registration is required.