Individual Tax Return & Tax Planning
Building and preserving your personal wealth requires specialized attention. Do you do your own financial planning? Or do you use the services of a financial planner? Whatever your method, are you looking for a third party to talk to about managing risk, improving performance, and ensuring the growth and longevity of your wealth.
We can discuss ways you can…
Save enough for a comfortable retirement
Save enough for a comfortable retirement by reviewing your retirement plans, focusing on your assets and sources of retirement income, reviewing estimated shortfalls, and identifying the best ways to save for retirement given your financial situation and risk tolerance.
Pay for your child’s college education
Pay for your child’s college education by reviewing your present plans, focusing on the estimated amount of money you’ll need, analyzing your assets, reviewing estimated shortfalls and considering general alternatives and strategies to help address these potential shortfalls.
Protect your family in case of you become disabled
Protect your family in case of you become disabled by ensuring you have enough money in your emergency fund and reviewing your life, disability, health, home, and auto insurance coverage. We also review your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and can’t manage them yourself.
Achieve your investment goals
Achieve your investment goals by reviewing your plan to maximize your investment returns as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.
Leave a legacy for your heirs
by reviewing your estate plan, focusing on the plans to maximizing the value of your estate by saving tax dollars, professional fees, and court costs. As well as minimizing the costs of probate, creditors, lawyers, and estate taxes, which can negatively impact the value of your estate.
Estate Planning
Before you hire an expensive lawyer or estate planner, would you rather talk to an experienced professional who has discussed a wide range of estate situations with a large number of people. Perhaps you do not have a la0ge estate but still have concerns about how to deal with the family issues that arise when a person passes on and their assets must be distributed. Whether you have a large estate or a small estate, we would be happy to talk to you.
Thoughts of estate planning often bring more questions than answers: Could a heir be too young to inherit? Should the inheritance be given at a certain age? Is the intended beneficiary in a shaky marriage with divorce as a possibility? Are there children from a previous marriage? Should inheritance be protected from potential creditors of the heir? Are there taxes that can be avoided? Are you able to avoid the probate court rules, delays, and costs?
Planning what happens to your estate when you’re gone can seem frustrating and intimidating without qualified help.
You may feel that you’re too young to care about estate planning. Or, perhaps the reminder of death makes you uncomfortable. You might be tempted to put the whole thing off, assuming that it will just take care of itself. In all cases, estate planning ends up saving your family lots of time, heartache and money.
And we can help
Every estate planning situation is different. In order to help you, we want to know you, your unique situation, and the nature of your relationships. We offer discussion, recommendations and useful research tools to make your planning simple, efficient, and worry-free. We are available throughout the process for further discussion regarding questions, change of circumstances, and alternatives. At every step, we’ll be there with you.
We help you
- Clearly define your estate planning goals.
- Work with your estate planning team (experts on law, finance, and taxes) if you have one.
- Evaluate and recommend estate planning options.
- Review your estate planning documents including current wills, trusts, health care and power of attorney.
- Review your plans to decrease the problems and expenses associated with probate.
- Lessen taxes at time of death.
- Review your plans for managing your estate in the event you are incapacitated.
- Review your working plan for conserving and effectively managing your estate after death.
- Review the transfer of assets of your estate to heirs the way you want.
- Reveiw your plans to organize fair and adequate liquidation of estate to cover taxes and other expenses.
We can also review your
- Livings Wills and Tusts
- Family partnerships and other business relationships.
- Leaving money to charities.
Preparation for estate and trust tax problems.