Estate Planning
An estate plan is a road map for planning your estate and should be updated on an ongoing basis - particularly as your circumstances change throughout your life. A good estate plan ensures a simple, tax efficient and organized transfer of your assets to your loved ones.
Common Wealth Transfer Mistakes:
- Failing to have a will
- Treating equal beneficiaries unequally
- Spousal issues (blended families)
- Minor beneficiaries
- Failing to name a beneficiary on insurance policies and contracts
- Unused charitable donations
Proper financial planning should look at all aspects including estate planning. We would look at the consequences of any strategy as it relates to taxes and ease of transfer to your heirs. We work closely with your lawyers and accountants or refer you to an appropriate specialist to discuss methods of deferring or eliminating significant tax liabilities.
Once we have collected information on your wealth and estate goals, we would address things such as your Will, Power of Attorney, Family Trusts, Business Buy Sell arrangements, beneficiary designations and life insurance policies.
Estate Planning
An estate plan is a road map for planning your estate and should be updated on an ongoing basis - particularly as your circumstances change throughout your life. A good estate plan ensures a simple, tax efficient and organized transfer of your assets to your loved ones.
Common Wealth Transfer Mistakes:
- Failing to have a will
- Treating equal beneficiaries unequally
- Spousal issues (blended families)
- Minor beneficiaries
- Failing to name a beneficiary on insurance policies and contracts
- Unused charitable donations
Proper financial planning should look at all aspects including estate planning. We would look at the consequences of any strategy as it relates to taxes and ease of transfer to your heirs. We work closely with your lawyers and accountants or refer you to an appropriate specialist to discuss methods of deferring or eliminating significant tax liabilities.
Once we have collected information on your wealth and estate goals, we would address things such as your Will, Power of Attorney, Family Trusts, Business Buy Sell arrangements, beneficiary designations and life insurance policies.