Estate Planning Information

Estate planning encompasses the growth, conservation, and transfer of an individual’s wealth through the creation and maintenance of an “estate plan.”  The purpose of estate planning is to develop a strategy that will maintain the financial security of individuals through their lifetime and facilitate the intended transfer of their property and assets at death, while taking into consideration the unique circumstances of the family and the potential costs of different methods.

All too often, we hear:

  • "I'm too young to do estate planning."
  • "All my property is titled in joint tenancy with my spouse so I don't need a will."
  • "Estate planning is only for the super-rich."
  • "Estate planning is too complicated and expensive."
  • "Doesn't the government provide for that?"
  • "We did our wills right after we got married 30 years ago and see no need for further planning."

If you seek advice and guidance with regard to your estate planning needs, please view our website and search for a the type of member that meets your needs.  As an alternative, you can search for an Accredited Estate Planner® (AEP®) or Estate Planning Law Specialist (EPLS) designation holder in your area on the National Association of Estate Planners & Councils website.

Featured Articles

Clients with big challenges, but even bigger planning needs

Charles Massimo had already been working as a financial advisor for over a decade, when he and his wife happily welcomed triplets — two sons and a daughter — into the world. Two years later, their lives changed dramatically when the boys were diagnosed with autism. The boys wouldn't be able to ...

How New Tax Laws Could Affect Your Bonus

This isn't necessarily bad news—executive pay is likely to continue to rise as it has for decades—but it may require extra planning to ensure compensation is ... But lumping compensation into base pay can muddy things for folks who used to earmark their stock bonuses for savings goals, estate-planning ...

Library program will help families sort out wills, advance directives and other legal documents

The speaker will be Brenna Galvin, an attorney who specializes in disability law, elder law and estate planning. The program is free and open to the public. The program is intended to help people figure out what legal documents they might need for themselves or family members, including relatives for ...

Covr Financial Technologies announces Michael Kalen as Chief Executive Officer

Prior to that, he was president of The Hartford Life's US Life Insurance business, the Number One seller of life insurance through financial institutions and banks. His experience also includes serving as senior vice president of insurance and estate planning at Prudential Securities and senior roles with ...

Here's how it pays off to take RMDs early in the year

If you have these situations, it's a good idea to review all IRA and plan beneficiary forms now to avoid disputes and ambiguity after death. A beneficiary form review and update is a simple, but ... The year-of-death RMD is not taken by the estate. That means the beneficiaries must each file IRS Form 5329 ...