Estate planning has changed substantially over the past few years. Formerly, estate planning focused on probate avoidance, death planning, and avoiding estate taxes. However, larger estate tax exemptions, income tax law changes, and new portability provisions have changed the way we design estate plans.
Your estate planning begins with your retirement plan, ensuring that you are saving and spending your retirement dollars in the most tax-efficient manner possible. It then focuses on your estate, protecting your family in the case of an unexpected event, leaving a legacy, and transferring assets in the most tax-efficient manner possible.
Deciding on how to distribute your assets upon your death can be a daunting task. At Wealth Planning Network, we know that protecting your wealth is very complex, and requires careful planning. We have enjoyed working with multigenerational families for years, and have successfully helped families avoid the probate process, reduce estate taxes, and maximize their legacy.
Wealth Planning Network goes above and beyond the traditional estate planning process to create solutions that maximize wealth transfer in addition to simply avoiding probate. We use a combination of trust planning, charitable giving, and advanced life insurance design to minimize your tax liability, and ensure that you maximize your legacy to your heirs.
Often, our clients have business ownerships, real estate, and other illiquid assets as a part of their estates. Our process ensures that the assets are properly titled, protected, and that there is enough estate liquidity available to avoid having to compromise those positions upon their death.
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