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Estate Planning

Estate Planning2024-04-16T12:36:37+00:00

Protect What You Earned with Estate Planning

You have worked hard to accumulate assets over the years to live comfortably in retirement and to plan for the futures of those close to you. It is important you plan now for transferring this wealth without needlessly losing assets to taxes and other wealth transfer costs.

We direct our clients on how to safe-guard their legacy and transfer wealth appropriately and efficiently.

Design an Estate Plan That Preserves Wealth

You and your beneficiaries should receive the bulk of your wealth without interference. Here are the steps we take to ensure your nest egg.

1. Evaluate Your Financial Positions

Before you start, it is important to first take a realistic look at your current situation. Are you married? Do you have kids? Stepchildren or grandchildren? Are there any charities you would like your property to go to upon your passing? By answering these and other questions, we develop a complete view of your financial forecast and long term goals.

After you have evaluated your personal situation, you are now able to choose your beneficiaries. These are the people and/or organizations to which you leave your property upon your passing. Make sure your choices are clear so that there are no questions or issues that arise when your property is distributed.

If you have children, it is important to make sure they are provided for and protected in case of an unfortunate event. You will need to decide who will raise your children and who will manage any money and/or property that is legally left to them.

Don’t forget the importance of making arrangements for the handling of your medical and financial affairs if you ever become incapacitated. This is done by putting a Healthcare Directive and Power of  Attorney in place. Not making clear decisions here can result in unnecessary family conflict.

In order to transfer your property to your beneficiaries, legal devices must be put in place such as wills, living trusts and other transfer devices. These are the core documents that will protect and pass on your wealth.

Depending on how much your estate is worth, estate taxes may be owed. Keeping this in mind, especially when high net-worth property is being transferred, is critical to ensure your estate is protected.

It’s important to know that you are not “locked-in” to your estate plan and that changes can be made in your will and living trust at any time for any reason. Be sure to review your estate planning and update information on a regular basis to ensure your wishes are carried out after your passing.

Make sure your family knows who to contact if something happens to you and that your spouse/children knows where all your important financial accounts are located. Not doing these two things can cause extra grief and hardship in a time of loss.

Transfer of Wealth is Simple When You Plan Early

During our Financial Analysis meeting, we find areas within your estate strategy that could derail your retirement or wealth transfer plan. We will work along side your attorney and other service providers (like your accountant) as needed to ensure  your accounts are set up properly to meet your goals.

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INTELLIPLAN FINANCIAL

670 Morrison Rd., Suite 210
Gahanna, OH 43230

(614) 255-7547
hello@intelliplanfinancial.com

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Financial Planning and Advisory Services are offered through Prosperity Capital Advisors (“PCA”) an SEC registered investment adviser with its principal place of business in the State of Ohio. PCA and its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which PCA maintains clients. PCA may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Any subsequent, direct communication by PCA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Intelliplan Financial and PCA are separate, non- affiliated entities. PCA does not provide tax or legal advice.  Insurance services offered through Intelliplan Financial are not affiliated with PCA.  Information received from this website should not be viewed as investment advice.  Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. This site may contain links to articles or other information that may be contained on a third-party website. PCA is not responsible for and does not control, adopt, or endorse any content contained on any third party website.  For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov). For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money.

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