Estate Planning
Give Your Legacy
Do you already have a Revocable Living Trust in place? When it was created, did your attorney review how it could affect your children from a tax standpoint?
Many families assume that if they’re not subject to estate taxes, there’s nothing else to consider. However, certain trust structures and beneficiary designations can unintentionally increase income taxes for heirs.
Wills, Trusts, Power of Attorney, and More
Are you confident that your estate plan will protect your family and your wishes? Many people put off planning or believe that having a will is enough, but a complete estate plan does much more.
An estate plan helps ensure your assets are distributed as you intend and that trusted individuals can make decisions if you become unable to do so. It can also address practical matters — such as allowing a spouse to handle financial tasks, or ensuring you have access to an adult child’s medical information in an emergency.
Certain assets with transfer-on-death (TOD) designations may also create challenges if beneficiaries face legal or financial issues. A revocable living trust can often provide added protection and flexibility in these situations.
Taking time to establish a thoughtful estate plan helps preserve your legacy and provides peace of mind for you and your loved ones.
IRA Planning
Is your IRA the main source of your retirement savings? Do you want to leave some of that wealth to your children while keeping it protected?
There are ways to combine the protection of a trust with the tax advantages of a beneficiary designation – allowing your heirs to receive “stretched” payments over time.
Trustee Services
When an individual or family creates a trust, a designated trustee must be chosen. We can help you sort out the maze of options.
Tax Advice & Planning
Taxes play a key role in effective estate planning. By understanding the impact of estate, income, and payroll taxes, clients gain a more complete picture of their assets and overall wealth, helping them make informed decisions for the future.
Probate
Navigating probate can be a challenging process without professional guidance. It’s important to seek experienced help to ensure the process goes smoothly.
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Estate Planning Information packet
We look forward in speaking with you!
