Between inflation, increasing interest rates, federal changes to monetary policies, and global conflict, many factors are putting a strain on the current economic situation.
For many people, making sure their loved ones will be financially secure after they’re gone is a primary objective and a trust fund can help achieve this goal.
A carefully crafted estate plan helps prepare for the future, ensuring your legacy is passed on after your death. Many clients think that having a will is enough to ensure their assets are passed down to their heirs. However, a living trust provides more than just peace of mind
Prenuptial agreements have a bad reputation for being the predictor for marital doom and just a way to limit the amount of wealth an ex-spouse can claim. However, pre-marriage financial planning can prove to be a smart move in the long run, especially for couples who marry later in life after building careers and making investments.
Planning for the future involves retirement savings, estate planning, and many other considerations. Determining how your health and finances will be managed if you’re unable to do so must be part of this planning. When you can’t make choices about health and finances for yourself,
Preparing for the future requires more than just creating a will. It also involves careful estate planning to ensure the ones you love receive assets after your death. Your estate and the gifts bequeathed to family and friends will be subject to federal and state taxation at this time, and it’s important to work with an experienced financial advisor who understands these issues and can help minimize taxation