Wealth Management can help you plan for the future
Planning for death and incapacity can be stressful, particularly where complex family dynamics are involved. Your Wealth Management Advisor can lead you through the critical estate-planning process and help ensure your desired outcomes are achieved.
In the past, estate planning has been driven by taxes, especially the federal estate and gift taxes. Recent changes in the law have shifted the focus of estate planning to asset protection, business succession and family values. Every client is impacted by income taxes and, of course, many still need to consider the impact of estate, gift and generation-skipping transfer taxes.
We approach estate planning in three collaborative stages. First, we strive to understand your circumstances, values and goals. Then, we work with you and your other professional advisors to create an integrated plan. This means we’ll make sure your will, trusts, powers of attorney, advance medical directive, retirement plans, insurance, and financial holdings are coordinated and work smoothly together. Finally, we revisit your plan periodically to make sure it’s up to date with changes to the law, your circumstances, and the economic climate.
Your advisor is part of an experienced team of financial professionals who will address your concerns about estate planning. Together, we will make sure your plan is tailored to your needs today and for the rest of your life.
Three Stages of Estate Planning
Your advisor can lead you through the critical estate-planning process and help ensure your desired outcomes are achieved by:
1. Understanding your circumstances, values and goals.
2. Working collaboratively to create an integrated plan for:
- Powers of attorney
- Advance medical directive
- Retirement plans
- Financial holdings
your plan periodically to ensure it stays current with changes to the law, your circumstances, and the economic climate.