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Estate Planning
What is Estate Planning?
Estate Planning is planning for the transmission of wealth to loved ones at death with the lowest possible estate tax bill (which in 2023 can be as high as 60%).
Imagine you visit your advisor with the goal of creating an estate plan which will benefit your family. You are concerned with transferring your wealth to them and minimizing federal and state estate taxes. You have seen one of your best friends, who was in a similar financial situation, pass away recently and have their family's inheritance decimated by estate tax.
You are in a high tax bracket and realize that many believe that you are not paying your “fair share” which means their taxes should rise. Your major concern is the incredible growth occurring in your real estate, retirement accounts, and other assets, and therefore the federal and state taxes your loved ones would have to pay upon the transfer of your estate.
What is the best way for you to transfer your wealth to your children and grandchildren?
Can this be accomplished in an asset protected and tax efficient manner?
The answer is Yes!
There are many tools and techniques you can use to protect your loved ones from federal and state estate taxes and maximize the amount of wealth transferred to them. These include:
Click the links above to learn more about each of these tools and the techniques associated with them. To explore some more complex solutions, please contact us or subscribe below to receive our Ebook "Never Lose Your Assets - Planning Beyond the Traditional".