Personal Wealth
Most people have similar goals: to be financially secure throughout their lifetime, retire when they want to, and send their children to college. For some, life goals also include starting a business, establishing a charitable foundation, or passing an estate to their heirs. However, most people are not rational about their money, and that is when mistakes can happen.
When you feel like you no longer have the time or resources to take care of it on your own, our experts can help.
Financial Advisory
We believe your financial plan should be as unique as you. General advice made on assumptions can only get you so far. The best strategy starts with asking the right questions and prioritizing your needs to form clear goals.
After exploring your financial circumstances and clarifying your goals, we create customized cash flow projections using our Ten Year Rule. The projections help forecast the growth of your wealth, while having a plan provides a higher probability of achieving your goals.
We implement and monitor your plan, making adjustments along the way to accommodate life’s curve balls and to ensure you stay on track to meet your goals. Having experts oversee your plan provides peace of mind that you can weather what life brings.
As our clients’ portfolios perform better, so do we.
Tax Services
Our tax professionals work with you to match your tax strategies to your financial objectives, helping you analyze and manage risk, and take advantage of ongoing changes in the tax laws. In addition to preparing your tax returns, our staff will assist you throughout the year in making decisions on the reporting of income and deductions. Our clients have peace of mind knowing our experts approach their overall financial circumstances with a tailored array of services.
We help analyze and manage risk, taking advantage of ongoing tax law changes to aggressively minimize tax exposure.
Personal Insurance
Where investments take care of predictable needs, insurance addresses the unpredictable ones that can happen any time. Life is full of “what ifs,” and we believe insurance is a critical tool used to achieve security and protection within the context of your overall financial plan.
Our attentive staff of insurance specialists design and coordinate coverages to protect individual, family and business assets. We look beyond the standard home and auto coverage to ensure that you are not exposed to gaps in coverage that could be detrimental to you. As an independent agency, we represent more than 50 quality insurance companies, which allows us to handpick the most cost-effective protection for your unique situation.
Personal liability, or an umbrella policy, provides coverage against excess liability exposures by extending the coverage provided in your automobile and homeowner policies.
Estate Planning
Just because you don’t have an estate tax problem doesn’t mean you don’t have an estate plan problem. If you have most of your assets in an IRA and you intend to leave it to a beneficiary, your heir will owe taxes on that money. If you plan on gifting highly appreciated assets, you need to weigh the consequences of losing the opportunity for a step-up in basis that would have been available if they had transferred at your death. Your Will might state that certain assets will go to an heir, but if the assets are not titled properly or if accounts have beneficiary designations, your wealth may not pass as you intend.
In short, our current, generous lifetime exclusion amounts and estate tax laws are not the end of estate planning as we know it. First of all, tax laws change. And, simple mistakes can cause tremendous headaches for loved ones left behind. Even if you have modest wealth, estate planning is a crucial part in your overall financial plan. It is not a one-time endeavor. Ideally, you should review your plan with both your financial adviser and estate planning attorney at least every two to three years. By doing this, you should only have to tweak intermittently certain pieces of your estate plan; however, major changes resulting from divorce, marriage, tax law changes, among other things, may require an overhaul.
With a sound estate plan, you can minimize the burden on family members and provide some certainty in a difficult time.
Effective estate planning aims to keep wealth in your family, minimizing the chance the government is your beneficiary.
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