Protecting And Preserving Your Wealth
Effective estate planning ensures that your hard-earned assets are distributed in the way and to whom you would like.
Once we gain an understanding of your estate planning goals and any unique circumstances (such as children from a prior marriage or a child with special needs), JIC, working with your attorney, will develop an effective estate planning strategy to accomplish your objectives.
One of the first activities will be to ensure that the basic estate planning documents are in place and updated (wills, living wills, health care power-of-attorney, etc). Next, we review the beneficiary designations for accounts such as life insurance policies, individual retirement accounts, and company-sponsored retirement plans.
It is crucial that the basic estate planning documents and beneficiary designations be kept up to date (particularly during life-event changes) to accurately reflect your wishes. These documents should be reviewed every few years.
Lastly, JIC will forecast whether you (or your spouse) may have a potential estate tax issue at the time of your death. If the possibility exists, working with your estate planning attorney, we can suggest solutions to reduce this potential liability. In addition, we evaluate your investment holdings for strategies that may benefit your heirs.