Why it matters
Estate planning ensures that these sacrifices continue to benefit loved ones long after the breadwinner is gone. Without it, families risk confusion, disputes, and unnecessary financial loss.
Estate planning is often mistaken as something only the wealthy need. But if you own property, run a small business, or want to provide financial stability for your children, you already have an inheritance worth protecting.
Planning ahead allows assets — no matter the size — to be transferred smoothly to heirs. It reduces tax burdens, prevents delays in accessing funds, and helps avoid family conflict.
Above all, it gives peace of mind knowing that loved ones won’t be burdened by legal or financial uncertainty.
A powerful tool for planning
One often-overlooked but effective estate planning tool is insurance. Beyond protecting against loss, it provides immediate financial support to beneficiaries, helping them shoulder estate taxes, legal fees, or even lost income.
Case in point: AXA Philippines offers Asset Master, a single-pay insurance and investment plan tailored for wealth preservation and smooth inheritance.
Asset Master provides life insurance coverage of at least 125 percent of the one-time premium or the equivalent account value — whichever is higher — creating a financial cushion for heirs.
The plan also allows top-ups as wealth grows, ensuring coverage keeps pace with lifestyle and future needs.
Cultural connection
Estate planning goes beyond money or property. It’s also about passing on values like utang na loob (debt of gratitude), bayanihan (community spirit), and pamana (inheritance). With proper guidance from financial advisors and structured insurance products, these values can be transformed into actionable plans that both protect and empower the next generation.
All about being prepared
Estate planning isn’t about expecting the worst — it’s about being prepared. Whether the goal is to safeguard property, protect a family business, or simply ensure children’s stability, now is the right time to act.
With the help of advisors and flexible solutions like Asset Master, Filipinos can secure their legacy with clarity and confidence. Because when it comes to the future of loved ones, it’s best not to leave anything to chance. —Ed: Corrie S. Narisma
