Estate Planning Service

Estate planning is the development and redevelopment of goals, policies, and procedures for all of the property you own, or have interest in, what it is worth, and where it is located.

The estate planning process includes organizing your affairs before your death. This entails making decisions about who will receive your property, and how your debts and expenses will be paid.

Anthony Szefler

Wealth Manager

Charles Sperrazza

Wealth Manager & Life Insurance

Three Ways Your Assets can be Transferred

Intestate

This is where you die with no plan in place. Having no plan is planning to fail. If you die without a will or estate plan, your state government will settle your estate and divvy up remaining assets according to intestacy laws. These laws define an order of priority for your surviving relatives to receive your property.

Will & Probate Court

Probate is the legal process that involves the handling the estate of a recently deceased person. Your Will, conveys your desires and it is up to the executor to distribute the assets. Costs associated with probate include court filing fees, attorney fees, and executor fees. Probate may take as long as six months to 2 years. It is also important to remember a Will may be contested

Transfer by contract

The most effective and efficient way to transfer wealth. This method will bypass probate and it cannot be contested. To transfer an asset by contract, you name a beneficiary wherever possible. This is allowed on all retirement account, investment accounts, life insurance, and even bank accounts allow for a payable on death designation.

We Provide Assistance in:

Managing the Assets

Funding the Trust

Leveraging Wealth into Next Generation

Tax
Strategizing

Protecting Your Wealth

Our goals are to preserve your estate for your heirs, allow you to stay in control for as long as possible, direct who will inherit your estate, and most importantly minimize all unnecessary fees, costs, and commissions.

The Best Time to Plan is Now!

An estate-planning lawyer may be essential for parts of your estate plan, but your first conversation may be with your financial advisor.

That is because your financial advisor knows you and your money. He or she can be useful in identifying risks, prioritizing action items, referring you to a qualified lawyer, and prepare you for the costs involved in the estate-planning process.

Let Us Help You Prepare Your Estate

Contact The Financial Guys Today