Get The Investment Vocabulary You Need To Know

410.363.7211
Print

Estate Planning

Proper estate planning to help ensure tax efficient transfer of your assets and wealth to individuals and causes you care about most

Estate planning is imperative, although often neglected. We understand that the topic is not pleasant to think about much less discuss. The uncertainty that surrounds estate planning can be intimidating. There is the misconception that estate planning is a long, expensive and complicated process. While the reasons to procrastinate in your mind mount, estate planning is a vital piece of your financial plan. Estate planning provides peace of mind and offers you the ability to control the transfer of assets and wealth to those you care most about.

The Prosperity Consulting Group utilizes a comprehensive approach to estate planning as we work with clients helping them address their greatest concerns. Our approach is to simplify the process and work in concert with our clients and expert attorneys to develop a solid estate plan.

Through estate planning, we help clients address the following goals and concerns:

  • Formalized wealth transfer to individuals and/or charities
  • Reduce or eliminate the tax burden
  • Protect a child’s inheritance so it does not become commingled marital assets
  • Protect estate and beneficiary’s estate from creditors
  • Protect a beneficiary from their own spendthrift nature
  • Care for a special needs beneficiary
  • Plan for minor children
  • Leave a philanthropic legacy / perpetual gifting strategies
  • Name a caretaker if you become incapacitated

The most important documents in regard to estate planning help ensure that your wishes are honored throughout your life. Estate planning documents include:

  • Will or Living Trust
  • Power of Attorney
  • Healthcare Proxy or Medical Power of Attorney
  • Trust strategies which include but are not limited to:
    • Irrevocable Life Insurance Trust
    • Credit Shelter Trust
    • QTIP Trust
    • Spousal Trust
Building Relationships | Delivering Success®
The Prosperity Consulting Group registered as a Registered Investment Advisor (RIA) in 2005. We have with a passion for providing clients with objective investment advice and wealth management solutions. Our purpose, coupled with our fiduciary commitment, is essential in helping clients achieve their financial goals. Our firm is dedicated to providing unparalleled financial planning and investment advice to individuals, families, businesses and institutions. We have identified key areas that are critical and integral to a client’s financial success. These planning areas encompass: Investment Planning & Management Retirement Planning Estate Planning Tax Planning Business Planning Insurance Planning Income Protection & Asset Preservation Education Planning 401(k) Planning
800 Red Brook Boulevard, Suite 300
Owings Mills
Maryland
21117
United States