Some things work together separately but are enhanced when merged. Take music and lyrics. You might enjoy listening to just the music of a piece. You could also read the lyrics like a poem. Separately, they work. But together? Beautiful music! Estate planning and wealth management are similar. They serve separate purposes. However, if coordinated, estate planning and wealth management may bring about a better result.
Estate planning deals with an individual’s preferences regarding their assets. An estate plan may provide for property to be orderly distributed to heirs. Some use an estate plan to reduce taxes and transfer wealth to their families through trusts.
Some wealth management plans may:
These goals sound very similar to the goals many people have while preparing an estate plan. So, how can estate planning and wealth management strategies work hand-in-hand? Coordination is Key.
If you are engaging in wealth management and estate planning separately, let your advisors know.
Do you question the need for attorney guidance with so many online resources? Because laws and regulations are complex, and because every person has a lot at risk, more people than ever are seeking professional guidance from an experienced, knowledgeable source. That helps explain the rapid growth of our firm. Whether you happened upon this website by accident or are one of the many referrals we receive from a nearly 15-year collection of satisfied clients, our staff can provide customized estate planning guidance for you. Call us. Our number: 1 (772) 218-0480