ESTATE PLANNING, WEALTH TRANSFER AND TRUSTS

Gift and estate planning is an essential part of any high-net worth individual's financial plan. The wealthy should have a gift and estate planning strategy in place to plan for the most tax advantageous transfer of wealth during life, and to dictate final methods of transfer of wealth when one passes. Various forms of trusts and wealth-transfer techniques can be used for each unique situation such as:

  • Marital trusts
  • QTIP trusts
  • Bypass trusts
  • Support trusts
  • Minor's trusts
  • Mandatory income trusts
  • WRTs - wealth replacement trusts
  • ILITs - irrevocable life insurance trusts
  • GRTs - grantor retained trusts
  • CRTs - charitable remainder trusts
  • CLTs - charitable lead trusts
  • and many other forms of trusts.

A well-prepared estate and wealth-transfer plan allows one to decide how assets are transferred to your loved ones and charities in the most advantageous manner, both during life and after one's passing.

Avoiding probate and maintaining privacy for your family is also a benefit of various estate planning techniques (such as using trusts, titling of property and other forms of "will-substitutes.") Your estate plan should be structured to achieve your personal objectives and maximize wealth passed on to heirs and charities, while minimizing taxes and other expenses.Family

Financial Mastery Wealth Management assists your various wealth transfer goals with gift planning, estate planning, wealth transfer tax planning and trust needs (lifetime or testamentary). After going over your unique situation, your wishes and objectives, we construct the most tax-efficient gifting and estate plan for you. As your wealth managment advisor, I work with a team of professionals (such as estate attorneys, trust attorneys and other legal professionals) representing you as your "captain," to assist you in formulating and implementing a successful estate plan. Your needs may include:

  • Wealth Transfer Planning
  • Gift Planning
  • Generation Skipping Transfer Planning
  • Estate Planning
  • Planning for Estate Liquidity Sources
  • Various forms of Trusts (see above)