Estate Planning

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.

You’re most likely well aware of the Biden Administration’s plans to increase taxes on the wealthy, but one of those initiatives is not moving forward.

You need a strategic, customized plan to get yourself to retirement, but you also need a plan for what lies beyond.

Hopefully your estate plan includes the basic estate documents and beneficiaries, but here’s a look at why you might want to go deeper and be more descriptive with your wishes before your passing.

We are in the midst of our country’s biggest wealth transfer ever. Americans aged 70 and older now hold 27 percent of all U.S. wealth, and they’re beginning to pass it on.

As part of our Retire With Purpose planning framework, we believe tax efficiency should act as a common thread throughout your investments, and that includes within your estate plan. Some assets make more sense to utilize in retirement, while others are better passed down to a beneficiary or charity.