Estate Planning Resources

Estate Planning

Browse our resource library for information about all aspects of smart estate planning.

The Top 7 Questions for an Effective Beneficiary Audit

A beneficiary audit makes sure that the people you want to inherit your retirement accounts actually are set to do so. A good beneficiary audit makes sure that the right people are going to get the right accounts and that any applicable tax and investment issues are carefully considered. For a beneficiary audit to truly be effective, you must ask yourself the right questions.

Planning Your Legacy: Where to Start

Have you ever thought about how you will pass on wisdom to your younger generations? Mementos such as letters, videos, teachings, etc., can be highly appreciated. Starting this process may seem overwhelming – but it’s not impossible. Secure your legacy and pass on the knowledge only you can to your family.

An Overview of Asset Transfer Strategies

Get to know the different strategies that can help you when you need to move assets around. Please note that many regulations for asset transfers are under state laws. Work with your financial planner and lawyer so they can help guide you through the process when the time comes.

Last Will & Testament: 14 Wishes

While wills are very necessary for a person to have in place, there are specifics that aren’t often included in the documents. Adding a letter that details locations, preferences, accounts, logistics, etc. can be very helpful to those who are taking care of your estate.

Estate Planning Under the New Tax Act: Everyone Needs a Review 

Under the new tax act, only eight of every ten thousand estates will owe federal estate tax until the act sunsets in eight years. The estate exemption amount has doubled, but the increase doesn’t eliminate all of the estate planning issues and it could create others. The sunset itself poses new questions – aggressively gift now or wait? Talk to your financial advisor about the new changes and strategize the best way to react.

Financial Planning for the Generations

It’s normal to consider your family when you are strategizing your finances. Children may be approaching college soon, grandparents may need assistance in care, etc. Talk with your financial advisor to make sure yours, and your family’s, bases are covered – because one generation’s decisions often impact the lives of the others.

Charitable Gifting Through Foundations 

A community foundation is a little-known, viable alternative to creating a private foundation. Giving to your local community foundation can be a good way to create a local family (or personal) legacy, develop local relationships or receive the highest tax benefit for your charitable contributions.