Estate Planning Strategies

A drafted, signed will forms the foundation of any estate plan. However, the titling of assets, recorded beneficiaries, and state regulations can direct how your legacy flows, regardless of what your will states. Not all heirs are ready for financial responsibility and some may always need a guardian—how are they being protected?

A solid estate plan can help you attain your estate planning goals and objectives.  An estate planning strategy is highly personal. An estate plan is a part of the Financial Plan in that it plans for others at a future point in time and guides your legacy. Those others may be your closest family, your children, or business associates.

Whether your total estate is large or small, estate planning can help you:

1. Preserve your assets
2. Manage money during your lifetime  
3. Facilitate the administration of your affairs after your death.

A well-prepared estate planning strategy can help with the following:

• Identify heirs and beneficiaries according to your wishes 
• Minimize estate taxes and court costs
• Choose a trusted executor who knows your wishes, your family, and the contents of your estate
• Nominate a guardian for your children.
• Help your business to continue after your death, with a successor of your choosing
  
  

How we can help?

Our team will work with you to review your estate planning needs, and create strategies that address your wealth distribution needs upon passing. The past two decades have seen substantial changes in both state and federal estate tax law. We expect changes to continue, and we take pride in our efforts to guide clients back to their legal advisors when we see both risk and opportunity in new estate tax laws and rulings.

In addition, your estate plan is never finished and we will review it periodically with the help and guidance of your estate planning legal advisor.