ESTATE PLANNING


The importance of estate planning is often overlooked as people believe they don't have sufficient assets to worry about planning for their distribution, they may not realize how much can be taken in taxes if not planned properly, or simply because no one wants to face their mortality.   We can't predict the future but most of us want to make things easier for those we leave behind.  You need to think of "what ifs" even while you are still alive and there are a number of issues to consider when planning:
  • Who will care for my children if they are still minors and/or have I designated a person to handle my affairs if I become physically or mentally disabled?
  • How will the distribution of assets be managed between taxable and income tax-free assets, life insurance, personal property, real estate, sentimental items, and businesses?
  • How will the estate taxes be paid and what is the most cost effective means of paying these taxes?
  • Do you want to leave a charitable bequest?
  • How will the dissolution of my business be handled?
  • Should a trust be executed for children or should the assets be passed outright?
  • Do I have the correct beneficiaries on my accounts to be consistent with my distribution wishes?
The questions can be endless but in most cases, people need a Will, Power of Attorney document, Medical Directive, and possibly a Trust.  Working with your tax and legal advisors, we will help coordinate your investment strategies to help ensure that your plan reflects your wishes for your legacy. 

Please contact us for more information.
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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS.  Kestra IS and Kestra AS is not affiliated with Mosaic Asset Partners, LLC.  Kestra IS and Kestra AS do not offer tax or legal advice.

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This communication is strictly intended for individuals residing in the state(s) of MD. No offers may be made or accepted from any resident outside the specific states referenced.