We provide a full range of Wealth Management Services and Financial Products.  Our Financial Advisors and Client Support professionals have extensive backgrounds in financial planning and can provide insightful strategies for increasing our clients’ wealth.

We provide values-based consulting and guidance in all areas of financial planning, including investing, cash flow management, college savings, real estate, insurance (risk management), taxes, retirement and estate planning.

 

Wealth Planning

We use the most comprehensive and up to date tools to develop a unique plan for every relationship.

Wealth Management

Our clients receive advice from a team of wealth management professionals. Our Advisors offer comprehensive financial planning which addresses cash flow management, education planning, risk management, investments, retirement and estate planning. Based on the client’s goals, we make recommendations and implement strategies to work toward each defined objective.

 

Investment Management

We construct custom portfolios tailored to every client’s needs.

Investment Management

Our investment management process is designed and constructed by actively listening and communicating with you. You sharing your acceptable personal levels of comfort through various scenarios and circumstances translate into levels of risk that your portfolio should or should not contain. Your educating us whereby we understand your financial situation, your financial goals, family needs and considerations will help allow us to construct a customized portfolio tailored to help you meet your needs and goals.

 

Estate Planning

We work with legal professionals to help you understand how your assets will be distributed under existing tax law.

Estate Planning

People spend a lifetime accumulating assets and building an estate with the intention of passing it on to their heirs or charitable beneficiaries. Without proper planning, a person’s death can create significant hardships on the people for which the estate was created. 

For an estate to be passed on to the heirs, there could be settlement costs, such as probate fees and death taxes.   In some cases, where the death taxes are substantial, assets may have to be liquidated in order to pay them. Also, the actual transfer of assets could be delayed by probate proceedings that are bogged down if there are any contestable assets. 

A sound estate plan can eliminate many of these problems that arise during the settlement of an estate and help you accomplish the following:

  1. Ensure that your wishes are honored when you are unable to manage your own affairs.
  2. Communicate your wishes and expectations precisely to your family and heirs
  3. Provide for your family’s financial security
  4. Provide capital to meet immediate liquidity needs for settlement costs
  5. Facilitate the timely distribution of assets by avoiding probate proceedings
  6. Maximize the estate for transfer by minimizing  taxes and expenses 
  7. Ensure that all beneficiaries are named in accordance with the most recent will or Avoid publicity by keeping the proceedings out of the public record.
  8. Conserve the estate so later generations can benefit.
  9. Leave a charitable legacy with a gift of assets or a trust.

 

Basic Estate Planning Arrangements

One of the primary objectives of an estate plan is to ensure that your assets are transferred in accordance with your wishes.  A qualified attorney can help you determine which estate planning arrangement will work best for you.

Will

A will is a legal document drafted in accordance with state laws wherein the estate beneficiaries are named. A will is subject to probate which means that all assets are distributed under the supervision of the court. An executor is named in the will and is responsible for ensuring that the provisions of the will are followed.  Absent a will, the state becomes the executor of the estate and will name guardians and beneficiaries according to its laws.

Trust

A trust is a form of ownership that is set up by the estate owner to receive and hold title of the assets prior to their distribution to the heirs.  A trustee is designated to manage the trust in accordance with its provisions.  There are several different kinds of trusts, each designed to serve a specific purpose such as to avoid probate, minimize estate taxes, or manage the assets of the estate.

Titling Assets

There are several ways to title assets that will result in different methods of asset transfer.  A common form of asset title is Joint Tenancy which allows the asset to transfer, automatically and without probate, to the person named jointly in the title. 

Contractual Transfer

Assets such as life insurance and qualified retirement plans transfer by contract to named beneficiaries outside of probate.

 

Estate Planning Guidance

In many cases, a simple will can suffice as a way to ensure the desired transfer of assets and guardianship of children. Estates of a larger size or that contain illiquid assets such as real estate, may require the guidance of a qualified attorney to structure the most appropriate planning arrangement.  An estate planning attorney can also arrange your estate in a way that can eliminate any potential friction among heirs.  If the estate is of a significant size that might subject it to estate taxes, then an attorney can suggest arrangements that will minimize them. 

Estate tax laws change periodically as do the individual’s financial situation which can make an estate plan obsolete if it is not reviewed periodically.  A good estate planning team, consisting of an attorney, a trust administrator, a life insurance agent and an investment advisor representative, can provide the necessary guidance to ensure that your estate plan is current and operable.