Tax planning doesn't just happen when preparing taxes. Instead, it is a year-round concern. And, without an estate plan in place, settling your affairs after you go could have a long-lasting—and costly—impact on your loved ones.
How do we help with this?
- Optimize tax strategy: We help you optimize a tax strategy, which includes reducing tax liability and making the most of available tax deductions.
- Financial & investment decisions: We help figure out the right timing and review the tax considerations you need to take into account for you financial and investment decisions.
- Policy and regulatory updates: We let you know when emerging tax issues call for changes in your financial plan.
- Tax implications: We help you understand the tax implications of the decisions you make.
- Strategic decisions: We ensure the best use of the capital gains tax rates.
- Minimize taxes: We plan to minimize taxes in retirement. We can also help minimize income, gift and estate taxes.
- Plan for retirement: We help set up and manage your retirement accounts as well as explain the tax benefits and beneficiary details for each one.
- Access to industry professionals: We collaborate with many industry professionals, such as tax preparers & attorneys. This ensures all aspects of your financial life, like taxes and estate plans are aligned and optimized.
- Life events & changes: A significant life change can impact your tax plan and other pieces of your estate plan, such as buying another house or retiring early. We can point out how these changes might affect your financial future and provide suggestions for adjusting your accounts, income, and other financial pieces of your estate plan.
- Keep beneficiary allocations updated: Investment accounts, insurance plans, and retirement accounts come with beneficiary designations. We remind you to assign a beneficiary for these accounts so that they are paid the benefits when you pass away.
- Plan for long-term care: One of the most important aspects of an estate plan is long-term care. We go over the financial ramifications of long-term care and help you find a solution that works for your financial situation.
- Avoid legal limbo: Without an estate plan, the courts will often decide who gets your assets. This can take years, be costly and put unnecessary burden on your heirs and other family members who are left to deal with sorting out your finances.
