Financial & Estate Planning
Estate
Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.
Retirement
Where will your retirement money come from? If you’re like most people, qualified-retirement plans, Social Security, personal savings and investments are expected to play a role. Once you have estimated the amount of money you may need for retirement, a sound approach involves taking a close look at your potential retirement-income sources.
Tax
Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
Charitable Giving
When you're planning out your charitable donations, the easiest thing to do is write a check. But that might not be the most efficient way to give.
Wealth transfer
When most people think about estate planning, they think about how to transfer wealth and property after their death – preferably in a way that doesn’t leave a surprise tax bill for their loved ones. But tax-advantaged wealth transfer can be for the living too. With gifting, you can transfer wealth to your loved ones tax-free while you’re still around to see them enjoy it. And while gifts aren’t subject to income tax for the recipient, they can trigger a gift tax cost for the giver if not done correctly. Here’s everything you need to know about this important strategy.