Estate planning is the process of planning for the transfer of a person’s wealth and assets after their death. The estate planning process involves planning for how your assets will be preserved, managed and distributed after death.
A proper plan can help an individual manage gift, estate, generation skipping transfer and income tax. Estate planning can also put in place a plan for the management of your property or financial obligations should you become incapacitated.
The goal of estate planning is determined by your specific goals and may be simple or complex. Regardless of your age, or the size and complexity of your estate a properly prepared plan can provide comfort, knowing that you have a plan in place that provides for the safe and manageable transfer of assets in accordance with your wishes, goals and objectives.
Schedule an appointment with a Wealth Advisor at First National Wealth Management today. Every individual situation is different and we are here to answer your questions and help guide you through your specific estate planning process.
Estate planning may require legal assistance, which neither LPL Financial, nor its registered representatives, provide. Always consult a qualified tax advisor for information as to how taxes may affect your particular situation.