Estate Planning is a comprehensive process which creates and implements a master plan for the management of your property during life and the distribution of that property at death. For most people, Estate Planning will provide you with more control over your assets during life, provide care when you are disabled, and allow for the transfer of wealth to whom you choose, when you choose, at the lowest possible cost to you and your heirs.
Business Planning focuses on wealth management issues specific to business owners and shareholders. For most business owners, their business is their most significant asset, and the financial success of that business has an immediate impact on the economic security of their families. Without proper planning, it may be difficult to tap the value of your business to support your retirement, or your family may lose the value of your business at your death.
Asset protection involves a series of techniques designed to protect your assets from the claims of future creditors. Asset protection is a strategy to consider in order to protect any amount of wealth. Our firm will educate and assist you regarding the concept of global asset protection and will assist in determining and implementing strategies in order to maximize protection of the assets you and your family have worked hard to create.
When a loved one passes away, it is a great comfort to know that one's affairs are in the capable hands of the decedent's Trustees and counsel. Our firm provides trust administration services to help our clients and Trustees administer the Trust Estate Plan pursuant to the terms and conditions set forth in the Trust Documents.
Risk Management is intended to minimize financial and other losses potentially associated with risks to your assets, business, or health. Some examples of risk are personal and professional liability, business ownership, property loss, and catastrophic illness or disability. The first line of defense is to identify your sources of risk and either avoid or minimize major exposures while the last line of defense is utilizing insurance to mitigate loss.
Tax planning considers the tax implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability. While decisions are rarely made solely based on their tax impact, it is important to have a working knowledge of income and estate tax issues and costs involved, which our team capably provides.