Estate Planning Strategies

Making a list of all your personal assets including real estate, valuable possessions, your financial accounts, and your businesses is essential for establishing your total financial picture. We’ll consider your total asset mix to help plan the best course of action designed to minimize the tax impact and what actions, if any, you can take to avoid probate.

Our financial professionals help you ensure that your account titles and beneficiary designations are set up correctly to avoid consequences for your family. We’ll help you understand how your various assets should be handled, identify any tax-saving opportunities and how to avoid the most common mistakes on:

• Bank Accounts
  
• Retirement Accounts
  
• Investment Accounts
  
• Life Insurance Policies
  
• Real Estate
  
• Other Valuables
  
• Succession Plan for Your Business
  
• Trusts
  

There is a lot of personal value in knowing that your loved ones won’t face an administrative nightmare when you‘re gone. It may take some time and careful planning but getting your estate plan in order can provide confidence you have taken care of your affairs.

Please consult with your personal legal and tax advisors regarding your estate plan. Equitable Advisors, its financial professionals and TPS Financial does not provide tax or legal services or advice.