Estate and Legacy Planning

Estate Planning

What happens to your estate when you die? It’s an often uncomfortable but always important question. Estate planning involves creating a strategy for how your assets will be handled when you’re no longer able to handle them. The process encompasses a range of tasks, from the creation of wills and trusts to preplanning for your funeral. A good estate plan can address a wide range of issues, including the distribution of assets, guardianship of minor or special-needs children, disposition of real estate, and more.

Establishing an estate plan communicates your wishes, outlining how you want your assets distributed and to whom. Your estate plan can also help protect your loved ones from having to make hard decisions about your health or your property when the time comes. It also helps your loved ones avoid the onerous task of untangling the details of your personal affairs.

One of the greatest gifts we can give to our loved ones is a plan of action for distributing or disposing of our assets after we die — allowing them to focus on healing and life after loss.

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Selecting the right person to act as trustee or executor can be a tough decision, but it’s crucial for making sure your wishes are carried out. Your financial professional can help coordinate the process of estate planning for you — and work closely with your attorney, particularly with regard to coordinating your legal estate planning concerns with your financial concerns and objectives.

Legacy Planning

It’s important to make sure that any remaining assets you’ve worked so hard for go to your beneficiaries instead of taxes. By working collaboratively with a team of qualified professionals, our goal will be to help you:

  • Maximize your estate and income tax planning opportunities
  • Protect any assets in trust and ensure they are distributed to your beneficiaries probate free
  • Protect your IRA and qualified account(s) from becoming fully taxable to your beneficiaries upon your death

In many cases, your Wheelhouse professional will be available to your family after you’re gone, helping them navigate the uncharted waters of life without you.

- Ready to Take -The Next Step?

For more information about any of our products and services, schedule a meeting today or register to attend a seminar.

Or give us a call at 636.400.7889.