Private Trust Services
RSA Will
This Will is suitable for only liquid assets. Liquid assets include Retirement Saving Accounts (RSA) with PFAs, funds in bank accounts, investments, insurance policies, gratuity, and debt owed to you by persons etc.
This Will, like a typical Will, only comes into effect upon the demise of the Testator (Maker).
Who needs this?
Does your Estate include only liquid assets – RSA Account, bank account or other liquid (cash) assets?
This Will might be for you!
BENEFITS
- Preserving Financial Legacy: The RSA Will enables the testator to preserve and pass on their financial legacy seamlessly. By designating specific beneficiaries for their Retirement Savings Account, cash accounts or investment accounts, individuals ensure that their hard-earned savings are distributed according to their wishes, thereby facilitating the smooth transition of wealth to the next generation.
- Ensuring Financial Security for Spouse and Dependents: A well-crafted RSA Will provides a secure financial future for the surviving spouse and dependents.
- Maintaining Control and Flexibility: The RSA Will offers individuals the flexibility to adapt their estate plan to changing circumstances. By having a detailed RSA Will in place, individuals retain control over how their retirement savings are distributed, allowing for adjustments based on changing family dynamics, financial conditions, or legislative changes.
Talk to a trust advisor now
“For more information regarding setting up an RSA Will, please contact us today.”
