Estate Planning & Advising
A well-planned and executed estate plan will help you to pass on more of your wealth to your family and charities versus going to the government as tax.
You and the financial advisors at Liberty Financial Strategies will work closely with your tax and estate lawyers to prepare your estate plan.
Estate Planning Is for Everyone
No matter the size of your estate (aka, your “assets”), you need a good plan to protect and appropriately delegate what you have, should you become incapacitated or for after you die.
How We Approach Estate Planning
When we plan your estate*, we will account for your unique situation and work together with your legal council. Whether you have young children, are a business owner in need of a succession plan, or if you are a grandparent and would like to help pay for your grandchildren go to college.
*We do not provide tax or legal advice. Estate Planning services are provided working in conjunction with your estate planning attorney, tax attorney, and/or CPA. Consult them for specific advice on legal and tax matters.
Key Components of Creating an Estate Plan
- Establishing a Trust
- Reviewing beneficiary designations
- Planning charitable giving
- Reviewing impact of any new tax laws
- Reviewing estate documents (wills, trusts)
- Planning for the succession of a business
- Analyzing estate tax implications
Components of Estate Planning
It’s never too late to begin planning your estate or to move a new financial professional if you’re unhappy with your current situation. Whether you’re just starting to plan or looking to retire soon, we can help.
Example: Control asset distributions (especially for minor children) over time.
Tax Reduction Strategies
Example: Minimize tax burden on individuals inheriting your assets.
Estate Trust Planning
Example: Give clear distribution rules & help prevent family disputes.
Example: Support charities close to your heart & reduce your tax burden.
We believe that a commitment to listening and asking the right questions is critical to your success in our needs-based approach.
That success depends largely on getting to know you so that we can understand what you value, your short- and long-term goals, and what keeps you awake at night.