Learn effective estate, tax planning for families

MANILA, Philippines — 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 you are still alive.  And when you really plan ahead, you can outsmart the tax system legally. If you do not plan your 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 you and your family on this, the Center for Global Best Practices is hosting a one-day seminar titled, “Families’  Guide to Estate and Tax Planning” on May 4 at the Manila Marriott Hotel, Pasay City.

The seminar will share 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 seminar will feature taxation and commercial law expert, lawyer 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 sought-after 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.