At EP Wealth, we work with clients to address these nuances early and integrate them into their broader estate and wealth management strategies. EP Wealth Advisors may cover some or all of the costs of preparation of foundational estate planning documents for select clients when using one of the independent attorneys we have contracted with for estate plans. Many people have a will, which is vitally important, but they may not have made decisions about how their wealth will be managed after they're gone. Click here for more financial education resources and to learn about other life transition planning services. Watch one of our webinar to better understand the basics of estate plannin
"A financial professional understands all the ramifications involved in long-term wealth preservation and legacy building." It’s critical for affluent individuals and families to work with a financial professional who can help protect their wealth both now and in the future. This makes estate planning essential for everyone, regardless of the size of the estate. Without a clearly defined estate plan, assets could end up in probate, and the courts might decide how they’re distributed. But if your family has more complex needs, or you have a business or investment property, it's important to work with an estate planning attorney. Understanding Wealth Preservation Strategi
You’re on the lookout for the best investment products, and we are too. A comprehensive estate plan ensures your wealth is transferred efficiently to heirs. Trusts provide a legal framework to protect wealth from creditors, lawsuits, and excessive taxation. Consider a mix of equities, fixed income, real estate, alternative investments, and private equity. Understanding and implementing strategies that account for these factors will ensure estate protection services long-term financial stability. In an ever-evolving economic landscape, protecting and growing assets requires strategic planning and proactive decision-making. This website is using a security service to protect itself from online attack
A financial planning estate protection services professional is a fiduciary and may not offer investment management services. You can check the SEC’s Investment Adviser Public Disclosure website (adviserinfo.sec.gov), NAPFA’s directory for fee-only fiduciaries, or use the CFP Board’s Find a CFP® tool. However, dually registered firms (RIA + broker) may not always act as a fiduciary depending on the service provide
"Depending on your wishes, you might include language specifying that the trustee shall, or shall not, consider beneficiaries’ outside resources," says Erica Webber, Senior Trust Officer for Bank of America Private Bank. For example, you may include special provisions to provide ongoing support for a minor child, manage life insurance policies, or deal with retirement accounts. These provisions help you avoid disputes among beneficiaries and ensure that your estate plan works according to your wishes. Choosing carefully provides protection for your heirs and ensures your wishes are carried out. You also need to ensure that the trustee will manage the trust’s terms fairly to prevent disputes among family members. If you fail to transfer property correctly, the trust’s benefits may not apply, and your estate may still go through probate. The trust may be a lifetime trust for you with other provisions applicable at your death. Your trustee should help communicate why the trust was set up the way it was and will need to administer the trust in accordance with the grantor’s wishes. If the grantor’s trust goes into effect upon the grantor’s death, the trustee will need to have the death certificate to start the administrative proces
Your financial advisor can work with your tax, legal and estate-planning professionals to help ensure you have an estate plan that matches your goals. Irrevocable trusts can be used to provide for a spouse and children from a prior relationship, help ensure that your heirs manage and use funds wisely and minimize federal and state wealth transfer taxes. This pre-meeting assessment for clients helps you determine how much they, their life partners, and their heirs know about investments, other financial tools, and the principles of building and protecting estate protection services wealth. Frequent communication about values the family considers important helps to reinforce those values and ensure their understanding by future heirs. We work with you to determine the best way to preserve, manage, and distribute your assets during your life and after death, including providing gifts and bequests to your heirs, while minimizing your estate taxes. Education Your EP Wealth Advisor estate protection services is with you every step of the way to develop an estate plan that is integrated with your wealth management goals. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The best way to help you reach your goals is through education. We’ll be with you every step of the way as we implement your plan and help you make the most out of your money. The Holistic process has been refined from decades of helping client