Wealth Transition & Estate Planning
Wealth Transition & Estate Planning is a module designed to guide you through the process of assessing your current position relating to your wealth transition, setting sensible goals, identifying GAPS that exist and building, implementing and monitoring plans to drive you to a successful conclusion. This module follows the seven core steps of the Wealth Stewards Strategic Direction.
By completing Foundations of Wealth Transition & Estate Planning, you will:
- Communicate your desires on paper in preparation for a time when you may not be able to do so yourself.
- Facilitate the orderly execution of these desires as you had intended.
- Eliminate or reduce the stress on your loved ones during difficult times.
- Ensure that your assets are managed or dispersed in a cost and tax effective manner
- Retain control over your estate if desired.
Core Concepts of Wealth Transition & Estate Planning
- Wealth transition planning is not just for the wealthy. It applies to virtually anyone who owns property or earns an income and wants some certainty about how those assets are handled in the event of a disability or at death.
- This module is designed to deal with events that occur on and after your death or in the event that you are living but unable to make your own decisions.
- Wealth Transition & Estate Planning is a broad topic that deals with three specific and yet interrelated goals.
- To ensure that your accumulated wealth is used and distributed according to your wishes both before and after your death.
- To ensure there are sufficient assets to provide for your family so that they will enjoy the lifestyle that they have grown accustomed to both before and after your death.
- To develop a strategy to increase after-tax income and net worth by reducing fees and taxes.
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