Questions That Might Be On Your Mind
- How do I ensure the wealth passing to my family stays in my family and is protected from creditors and divorce?
- Is my estate plan structured to minimize what goes to the government, and maximizes what goes to the people I care about?
- Can someone give my family a clear illustration of how everything will work under my current plan?
- I’m probably just few years away from selling at least part of my business. Are there planning opportunities I should be considering prior to the sale to reduce my family’s eventual estate tax liability?
- How do I effectively address the complexities of an ex-spouse in my estate plan? What about an ex-spouse of one of my children?
The first step of our estate planning process is to help clarify three critical questions about your current estate plan:
1) Where does it go?
2) Who’s in charge?
3) What are the rules?
Whether your net worth is $10 million or $1 billion, the answers to these fundamental questions should be in alignment with your purpose. If that’s not the case initially, we’ll efficiently coordinate the drafting of updated documents with your attorney to create this important alignment and work towards accomplishing your goals for your family and/or charity.
We’ll also take you through an estate planning “fire drill” on a periodic basis, helping to provide you with the confidence that your assets are titled appropriately, your beneficiaries are designated as you intend, and those you’ve chosen to oversee your eventual estate have the knowledge and resources they need.
Estate planning can be crazy complicated, but our job as advisors is to distill our clients’ plans into language and concepts that are easy to understand and follow.
Donald ScottFamily Wealth Strategist and Partner Get to know our team
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