Financial Planning
Financial planning is typically defined as, "The study of the principles of planning for the use, conservation and efficient transfer of an individual's wealth." You may not need complicated trusts or a sophisticated gifting program, but you should develop an estate plan to ensure that your current and future assets will be distributed to your beneficiaries with maximum ease and minimum cost. In short, it involves the consideration and planning of:
- Wills, powers of attorney and living wills
- Designated beneficiaries for any qualified retirement plans, IRAs, insurance policies, etc.
- Trusts during lifetime or upon death
- Asset titling
- Insurance needs
- Net worth
- Estate taxes
We guide our clients through this planning process by combining our financial expertise with that of an estate planning attorney and any other needed professional advisors. As with retirement planning, the result is a solid estate plan and our client's peace of mind.