Need help with Planning Your Finances?

Speak with Karthik

Need help with Planning Your Finances?

Speak with Karthik
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Contents

1. Living Expenses

2. Cash Flow

3. Asset Allocation

4. Real Estate

5. HSA Account

6. College Savings

7. Tax-Free Retirement

8. Asset Reallocation

9. Tax Optimization

10. Portfolio Management

11. Passive Income

12. LTC Need

13. Estate Planning

14. Recommendations

Estate Planning

Estate planning for most individuals encompass setting up a Will and possibly a Trust. We should all keep our Will and beneficiaries listed in our financial accounts up to date. A family Living Trust is a repository for your assets and other legal documents.

  • Did You Know?

A family living trust is a revocable trust where the provisions or terms can be changed anytime. It avoids the long and expensive court probate process and keeps family affairs private. Besides assets from the estate, the trust includes a will, power of attorney, beneficiaries, medical directive, guardianship and business succession plan.

Blog: Living Trust

  • Did You Know?

A family living trust is a revocable trust where the provisions or terms can be changed anytime. It avoids the long and expensive court probate process and keeps family affairs private. Besides assets from the estate, the trust includes a will, power of attorney, beneficiaries, medical directive, guardianship and business succession plan.

Blog: Living Trust

  • You

Will & Trust: Prepare your Will by using one of many DIY websites offering legal services. Setting up a family trust with an attorney’s help may cost around $1000. It requires re-titling your assets in the Trust’s name and hence involves more paperwork.

  • You

Will & Trust: Prepare your Will by using one of many DIY websites offering legal services. Setting up a family trust with an attorney’s help may cost around $1000. It requires re-titling your assets in the Trust’s name and hence involves more paperwork.

High net worth individuals with >$5M in assets will require a more detailed Estate plan. Become familiar with the Estate Tax rules and its 2025 sunset provisions. Understand how to use an ILIT to cover Estate Taxes. Donating to charity by way of CRT can produce a lifetime of income for the grantor or their kids.

  • Self Check

1

Make it your end of year goal to prepare a Will

  • Self Check

1

Make it your end of year goal to prepare a Will

Related Blogs

Charitable Remainder Trust (CRT)

Irrevocable Life Insurance Trust (ILIT)

Family Living Trust

Estate and Gift Taxes

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