Estate Planning

If you are at all charitable-minded, you should leverage the variety of options available to maximize your tax deductions, allowing you to be even more generous with your wealth.

You often hear of the benefits of Roth conversions during your working years, but when carried out during retirement, they can also help you enhance your income options, manage tax situations and support your estate planning goals.

No matter your asset size, estate planning is vital if you have specific wishes in regard to the passing of your wealth and possessions.

If you’re looking to minimize taxes for your beneficiaries down the road, a Roth conversion is worth consideration.

When you pass away, the fate of your retirement accounts like a 401(k) or Roth IRA depends on the beneficiaries you designate. This is why matters of your estate hold a place in our Retire With Purpose planning framework.

You need an estate plan. Regardless of your net worth or financial situation, an estate plan provides peace of mind that your assets will be distributed according to your wishes upon your passing.

You often hear of charitable giving as an end-of-year tax planning move; however, this isn’t always the ideal time from a tax perspective for you, nor does it most effectively serve the organization(s) you support.

What’s one way you can help care for loved ones when you’re no longer around? Eliminate uncertainty around your estate, possessions and end-of-life care with a thoroughly-crafted estate plan.

One of the top financial concerns of today’s retirees is having enough income to last a lifetime; however, recent studies show there’s also another issue at bay: Leaving behind too much of that income.

Presently, taxpayers have a roughly $12 million estate exemption per person. As such, a step-up in basis strategy can be utilized to help minimize capital gains taxes upon the sale of those appreciated assets.

Your legacy plan has the capability to go far beyond tangible materials and wealth assets.

A constant that has remained within proposed tax bills from the Biden administration is that most changes will impact the wealthy, so now is the time to consider if – and how – estate tax liability could impact your beneficiaries.