Many clients view estate planning as a long, expensive and complicated process. Without a complete plan, your assets will be divided up based on state law which typically is not your ultimate goal. If you haven’t determined who you want to ultimately inherit your investments and property you will not control what happens to your hard earned assets when you die. Your family or local court will be forced to make difficult decisions without your guidance. With careful estate planning, you can maximize the amount of wealth that you transfer to your heirs or institution of your choice, reduce estate tax and the burden on your family.
We work closely with our clients to ensure that they have updated wills, proper trusts in place, adequate life insurance coverage and appropriate beneficiary designations. We have strong relationships with attorneys in the area that will assist in the process by reviewing and drafting legal documents as needed.
| Wealth Transfer and Tax Reduction | Wealth transfer is the transfer of assets to selected beneficiaries—presumably children, grandchildren and/or charities—in a manner that reduces or eliminates transfer taxes, such as gift, generation-skipping and estate taxes. |
| Charitable Gifting | There are many organizations that people are committed to and passionate about. Gifting to these charities is a way to be socially responsible and help those organizations that you want to create a legacy with. |
| Trust Services | In order to expedite the process of transferring assets to intended beneficiaries, some people choose to arrange their property so that it can bypass the probate process upon their deaths by placing them in trusts. |
To learn more about how The Prosperity Consulting Group, LLC can assist you with estate planning, email us at info@prosperityconsult.com or call 410-363-7211.
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Overview |
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Investment Planning |
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Tax Planning |
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Income Protection & Asset Preservation |
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Retirement Planning |
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Business Planning |
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Estate Planning |
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Debt Management |
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Insurance Planning |
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Education Planning |
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