Questions That Might Be On Your Mind
- How do I ensure the wealth passing to my family stays in my family and is protected from creditors and divorce?
- Is my estate plan structured to minimize what goes to the government, and maximizes what goes to the people I care about?
- Can someone give my family a clear illustration of how everything will work under my current plan?
- I’m probably just few years away from selling at least part of my business. Are there planning opportunities I should be considering prior to the sale to reduce my family’s eventual estate tax liability?
- How do I effectively address the complexities of an ex-spouse in my estate plan? What about an ex-spouse of one of my children?
The first step of our estate planning process is to help clarify three critical questions about your current estate plan:
1) Where does it go?
2) Who’s in charge?
3) What are the rules?
Whether your net worth is $10 million or $1 billion, the answers to these questions should be aligned with your purpose. If that’s not the case initially, we’ll efficiently coordinate the drafting of updated documents with your attorney, with the goal of uniting your plan with your desires.
We’ll also take you through a periodic estate planning “fire drill” intended to give your family peace of mind that your assets are titled appropriately, your beneficiaries are designated as you intend, and those you’ve chosen to oversee your eventual estate have the knowledge and resources they need.
Estate planning can be crazy complicated, but our job as advisors is to distill our clients’ plans into language and concepts that are easy to understand and follow.
Donald ScottDirector of Estate Planning and Family Wealth Strategist Get to know our team
Tax and Estate information is general in nature. TFO Wealth Partners, LLC is not engaged in the practice of law or accounting; always consult an attorney or tax professional regarding your specific legal or tax situation.
