Families’ guide to effective estate planning

When death strikes a property or a business owner unexpectedly, heirs suffer. Huge estate taxes have financially wiped out many family fortunes. The best time to prepare for this is when one is still alive. And when one really plans ahead, he can outsmart the tax system legally. If one does not plan his estate, lawyers will have to settle it. Taxes and penalties will be high and there is that dreaded possibility of long drawn litigation that freezes the assets when heirs contest it.

To help and guide families on this, the Center for Global Best Practices is hosting a pioneering seminar titled, “Families’ Guide to Estate and Tax Planning,” on May 4, 2018 at the Manila Marriott Hotel, Pasay City.

On this one-day seminar, learn the secrets of tax-savvy rich families who are able to save millions of avoidable taxes with the right tax exempt and tax saving strategies in the transfer and disposition of their assets to their families and the next generation. The featured expert practitioner will help align tax strategies with the recent tax and TRAIN laws and most recent BIR regulations and rulings. Learn novel asset protection strategies, including solutions and remedies to unlock frozen assets due to unpaid taxes. Best of all, know the correct valuation method of property to deal fairly and squarely with the tax authorities who at times can be vague about how they arrived at their own valuation.

This special seminar will feature taxation and commercial law expert, Atty. Nicasio Cabaneiro. He has over 40 years of teaching experience and 25 years with the Bank of Philippine Islands capping his career as its vice-president and head of the Legal Services Division (1982 to 2007). He is a soughtafter lecturer and tax consultant of various institutions across many industries as well as high net worth individuals to help them with their tax and other legal matters. He finished his accounting degree (magna cum laude) and his law degree (cum laude) at the San Beda College of Law. Presently, he is also general counsel and corporate secretary of the Philippine Clearing House Corp. (PCHC) and Tuloy sa Don Bosco Street Children Foundation.

For details and a complete list of best practices seminars, log on to www.cgbp.org or call Manila lines: (+63 2) 8427148/ 59 and 556-8968/ 69, Cebu lines: (+63 32) 512-3106 or 07 or Legazpi lLine: (+63 52) 736-0148.