Estate Preservation

Most people are concerned about how to appropriately provide for and pass on their estate to family, friends and charitable organizations. However, you should be equally concerned about providing an orderly transfer of your estate in the most tax-efficient manner to maximize and protect the wealth you have built.

A properly drafted estate plan can help provide peace of mind by ensuring your estate is protected and an orderly and tax-efficient transfer of assets occurs according to your wishes. Some typical components of an estate plan include:

  • Properly drafted Wills and Power of Attorney documents;
  • Declaration of competent Executors and Trustees;
  • Effective use of life insurance
  • Appropriate Beneficiary Designations;
  • Utilization of Estate Bonds or Insured Annuities to provide for a tax-efficient accumulation of wealth; and
  • Appropriate use of Trusts

Some of the benefits of an estate plan include:

  • Effective use of life insurance protects the value of your estate, provides estate equalization, ensures liquidity for the final payment of taxes and protects disabled or dependent beneficiaries;
  • Utilization of tax-efficient investments ensures a tax-efficient accumulation and transfer of wealth;
  • Effective use of Trusts provides the following benefits:
    • Ensures the assets are transferred as you intended
    • Provides flexibility in terms of varying distributive provisions
    • Provides protection from creditors and marital breakdowns
    • Reduces tax-rates

Let our professionals assist you in developing a personalized estate plan

If any of these issues and considerations are of interest to you, please contact your Investment Advisor. Working together with the members of our Wealth & Estate Planning Team, your Investment Advisor can develop a plan, which, when properly implemented, will provide you with the peace of mind in knowing your loved ones will be provided for appropriately. Also ask your Investment Advisor for our complimentary articles entitled "Estate Preservation" or "Estate Planning Checklist".