What does estate conservation aim to achieve?

Estate conservation is primarily focused on ensuring that an individual’s assets are distributed in an orderly manner after their death. This process deals with the planning and execution of how an estate is handled, aiming to minimize disputes among heirs and effectively carry out the deceased's final wishes. It involves creating a clear structure for asset distribution, which can include wills, trusts, and various estate planning tools.

While maximizing the value of the estate during the owner's life, reducing the estate tax burden, and establishing trust funds for children are important components of wealth management and estate planning, the core objective of estate conservation centers on the post-death distribution phase. It is crucial for family dynamics and for minimizing the potential for conflict among beneficiaries, thereby respecting the intentions of the deceased and preserving the family's legacy.