Global economic turmoilNew tax laws and regulationsCreditors and predatorsInstitutional financial mismanagement
Health-care crisisThreats of inflationPolitical unrest
Now is the time to protect your estate
A solid estate plan can protect you, your family, and your wealth during your lifetime and beyond. It begins with a will or a living trust to pass on assets after your death.
Next, it is a healthcare directive, power of attorney, guardianship of minor children, and other documents.
The major areas of estate planning are:
Do you worry about longevity? According to the U.S. Department of Health and Human Services, 70% of people over 65 will likely need, at some point, long-term care services.
Imagine, your loved one suffered a sudden stroke or heart attack. Overnight, a person is going from healthy to needing nursing care. You take your loved one to a hospital, but he or she must be discharged to a nursing home. Medicare will pay only for 100 days.
What if it’s longer? Are you ready to write a check?
Fortunately, you still have options.
Provide critical insights and tools to shield your wealthReview and draft essential estate documentsProtect your assets from Medicaid spend-downAssure planning for loved ones with special needs
Help your business remain stable during difficult transitionSet up “Golden Handcuffs” for key employees Create a tax-deferred sale of business interestAssure tax-free generational wealth transfer
Estate Management 101