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Estate Preservation

Creating My Estate Preservation Plan With a Financial Professional

Here is how we can help: 

1. Review designated beneficiaries on each open account and reassign them if needed

2. Set up appropriate accounts to be "Pay on Death" or "Transfer on Death"

3. Establish the overall financial condition by reviewing your income, expenses, assets, and liabilities

4. Determine tax consequences & burden at death on your overall estate to protect your beneficiaries

5. Review what documents you already have in place: will, trust, power of attorney, and business agreements

Our first priority is helping you get your financial life sorted. We strongly recommend this service to our clients. Size doesn't matter, your wishes do matter. The second part is finding an attorney you wish to work with to handle the legal side of an estate preservation plan. Additionally, you may want to arrange your medical directives and begin working with your CPA.

In your financial plan, you strive to accumulate assets and then work to protect those assets. When you pass on, where do your assets go?

Without an estate preservation plan set up, your assets will go to the state's probate court and your loved ones will deal with the court to decide on the ownership of your assets and where they should go. This hassle can be completely avoided with an estate plan in place. 

We do suggest you do not put this off and make it a priority for yourself. It is one thing that you will not regret if you do it.

What are Critical Elements of an Estate Preservation Strategy?

This might be helpful to you – Establishing an estate preservation strategy is crucial, yet many wait too long to put their wishes in writing. Use this helpful guide to review your estate preservation strategy and start conversations with your loved ones, financial professionals, and legal team.