Estate Planning

Without proper Estate Planning you could be needlessly subjecting your heirs to unnecessary estate tax. Current tax law allows each person to transfer up to $11,700,000* to their heirs either prior to death or at death. Amounts above $11,700,000* can be taxed at rates as high as 40%. Every one of us has an estate plan. Unfortunately, all too frequently it is the one that 'Uncle Sam' has prepared for those who do not take the time to create their own.

A Will is not an estate plan in itself. It is one piece of the plan and everyone should have one. Your Will should be reviewed every 5 years. Some of the things you should consider when developing your estate plan include:

  • How can I be sure my assets pass to my heirs according to my wishes?
  • Have I protected my family properly from other people and from themselves if I die prematurely?
  • Are all of my accounts titled to take advantage of wealth transfer strategies?
  • Have I done everything I can to reduce my heirs estate tax liability?
  • Are my insurance policies in line with my estate plan?
  • How can I best leave a legacy to a cause I care deeply about?

In addition, we develop customized solutions for just about any other financial worry that our clients may have.

*Based on 2021 Key Tax Figures