February 22, 2018

Estate Planning

Estate Planning - St. Charles ParishEstate Planning aims to preserve the maximum amount of wealth possible for the intended beneficiaries while maintaining flexibility for the individual/individuals prior to death. This is the cornerstone of creating generational wealth.

Estate Planning Issues to be addressed include:

  • Wills/guardianship
  • Living wills
  • Trusts
  • Powers of attorney
  • Inter vivos gifts (gifts made while donor is alive)
  • Asset ownership
  • Beneficiary selection strategies
  • Stretch-out I.R.A. – preserving wealth across generations
  • Charitable giving

Asset allocation does not ensure a profit or protect against loss. Tactical allocation may involve more frequent buying and selling of assets and will tend to generate higher transaction cost investors. Investors should consider the tax consequences of moving positions more frequently. All investing involves risk, including the loss of principal.