Estate Planning
Overview of Estate Planning
Estate planning is the act of ensuring that your assets are distributed in the manner in which you desire. Without a proper estate plan, it may be possible that your wishes will not be carried out as you would like.
I can work with you to uncover and resolve any issues that might affect you, such as:
- Beneficiaries inexperienced with financial matters
- Beneficiaries with special needs
- Beneficiaries with creditor issues or unstable marriages
- Tax consequences
- Privacy and contestability concerns
Integrated Estate and Retirement Planning
Your estate plan and retirement plan should be considered together. If you intend to leave at least some wealth to your beneficiaries, there are opportunities to enhance both your retirement income and estate by significantly reducing taxes through strategic planning.
Estate Planning for Business Owners and Incorporated Professionals
Distributing Retained Earnings
If you have a business with retained earnings, you can arrange for a distribution to your estate which will attract little or no tax.
Partnerships and Corporations
If your partnership interest or shares in a corporation need to be sold upon your death, you can arrange for this to happen in a tax effective manner and be sure your partners or corporation will have the funds to purchase your interest.