Estate planning is a consistent part of our client work.
Estate planning conversations are all-encompassing, these discussions range from simply recommending that estate planning documents are up to speed, to what assets should be placed in which trust, to addressing the unique needs of all their heirs with different types of accounts for each.
This begins while the elder generation is still intact and lasts until the final beneficiary is paid from the estate. We shared ideas that were perhaps not previously considered such as “Upstream Gifting,” Roth Conversions, “Irrevocable Trusts” and many other ideas. [These concepts have been gleaned from the Certified Private Wealth Advisor curriculum as well as countless hours of continuing education on estate planning.]
This is generally part of the dialogue with clients 50 and over, and it lasts throughout our relationship. [One of our true differentiators is the frequency and depth of conversations on a wide variety of investment, tax planning and estate planning topics. These subjects are married together in most clients financial planning. We seek to educate clients and their families during these conversaitons.]
Estate planning is a key topic when we discuss equity compensation and IRA Rollovers. There might be a charitable dimension to your estate planning, and we discuss a range of trusts as well as the increasingly popular Donor Advised Funds.