Estate Planning
Maintaining your lifestyle today and in the future is important as well as for your spouse and family when you pass away. Our knowledge and experience can help ensure that your estate, passing from you to your spouse, children, and grandchildren at your death is maximized avoiding unnecessary taxes in the future. If you can pass a certain amount on to your family, why not pass assets on to multiple generations and charities important to you. Using wills, trusts, and hja power of attorney in your estate planning will help ensure this happens. Reach out to us today to learn more about how we can help you design an estate plan that meets your objectives.
- Analyze present estate distribution plan. Determine the effectiveness of your present plan and recommend changes as needed. Coordinate with your business succession plan.
- Evaluate the sources of income for your survivors to assure that adequate income is available.
- Illustrate alternatives that would help reduce or eliminate estate taxes.
- Discuss asset management assistance needs for your family and illustrate how management flexibility can be made available to your family.
- Discuss methods to minimize estate taxes in the future through use of estate freeze and reduction techniques.
- Illustrate the economics of the several options available to pay estate taxes.
- Illustrate options to equalize asset distribution among children.
- Establish procedures to help reduce administrative costs of estate settlement.
- Explore planned charitable and non-charitable giving techniques as methods of estate conservation and distribution.
- Discuss coordination of annual exclusion and unified credit gifting programs.
- Review existing life insurance contracts. Focus on ownership and beneficiary designation of contracts. Evaluate the cost/benefit relationship of your existing contracts. Determine whether contracts will avoid estate taxation.
For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.
FWM@LFG.com | (724) 940-6319