Every situation is unique, but in our experience estate planning typically starts with three fundamental questions…
ARE WE OK?
IS OUR FAMILY OK?
IS OUR COMMUNITY OK?
A truly effective estate plan should consider consequences, both during your life and after your death. It requires a combination of careful thought, professional guidance, and detailed financial modeling/scenario analysis to answer the following:
WHO WOULD YOU LIKE TO BEQUEST ASSETS TO?
IN WHAT AMOUNTS?
CAN YOU BEGIN GIVING WHILE YOU ARE ALIVE WITHOUT IMPACTING YOUR LIFESTYLE?
It’s great that you’ve maximized your planning during your lifetime and that you’ve set up an efficient will/revocable living trust to handle your estate at your passing, but it doesn’t end there.
What steps can you take now to reduce the administrative stress for your loved ones after your passing?
Have you communicated your intentions to your loved ones?
We can potentially reduce your estate tax exposure substantially. We focus on designing sophisticated multi-generation trust strategies that move significant amounts of family wealth “over the tax fence” where it will no longer be subject to estate tax and can instead be passed down to benefit future generations. At the heart of this planning is financial modeling/scenario analysis to determine how much giving can be achieved during your lifetime without impacting your lifestyle.