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Services - Estate Planning

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.

“Our estate planning strategies help you maximize how you live today, and maximize what you give tomorrow.”

 

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.

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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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Additional Information

Trust Owned Life Insurance- How to Effectively Use Insurance For Estate Planning

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How to Prepare for Tax Reform in an Ever Changing Political Environment

Jul 24

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Avoid Gifting Large Premiums To Your Life Insurance Trust

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Income Tax Free Social Security Benefits; Too Good to be True?

Mar 27

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What a Trump Presidency Means for Your Retirement

Dec 13

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Year End Financial Checklist

Dec 13

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What are Charitable Remainder Trusts?

Jun 15

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Have You Considered Buying Life Insurance?

Apr 11

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Selling the Family Business?

Apr 11

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Reviewing Your Estate Plans

Jan 22

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Do I Need a Large Estate to Have an Estate Plan?

Oct 19

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Using Trusts for Estate Planning

Oct 19

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Estate Planning for Foreign Nationals

Sep 21

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September is Life Insurance Awareness Month!

Sep 21

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Is Your Portfolio Too Risky?

Aug 10

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Business Succession Planning: What You Need To Know

Jul 28

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The Importance of Multidisciplinary Wealth Management

Jul 10

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Considering a Spousal Limited Access Trust?

Jun 23

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What is Premium Financing and How Can it Benefit You?

Jun 09

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Wealth Planning Network Honored at India Tribune Nite

Jun 09

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The Problem With Probate

May 08

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The Real Story Behind 770 Accounts

Apr 28

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President’s Proposed 2016 Budget Could Substantially Affect Estate Planning

Apr 02

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Who Needs Estate Planning?

Mar 24

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Have You Completed Your Annual Financial Checkup?

Mar 17

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