Click here to learn more about our financial professionals by visiting FINRA's BrokerCheck.
Estate planning is the process by which a living individual prepares for the distribution of assets in the event of death. Like our discussion of risk management and insurance, estate planning involves discussion of a difficult subject—our eventual and certain demise.
Estate planning involves legal work and, therefore, requires an attorney. The passing of estates involves taxes, and therefore requires the counsel of a tax advisor. Our role as an advisor is to organize and finance the plan, working with our clients and their attorneys and tax advisors to implement the funding of estate plans. These plans may include passing an estate to heirs or establishing a legacy via charitable endowment or other charitable donation.
Proper planning now can help to preserve the legacy you want to leave behind. Conversion Financial Services will work alongside your attorneys and tax advisors to consider the financial implications of your estate design. We’ll help you with funding trusts and ensuring that your assets are distributed as efficiently as possible.
Getting an estate in order to begin planning can be quite a chore, with creation of wills, trusts, powers of attorney, etc. No single estate looks like another, but most plans strive to provide for the transfer of assets quickly, with a minimum of legal hurdles, at the lowest tax bill possible. Proper planning can assure the most efficient transfer of your estate possible given its size and make-up. Contact us today to learn how we can help with effectively planning for your estate and preserving your legacy for future generations.