Estate Planning

Estate planning is the process of developing a plan and strategy for transferring property and powers from one individual to another. It allows individuals to manage and direct assets, property and decisions relating to health care and finances, so that personal objectives can be reached in the most efficient and cost effective method possible.

A well structured estate plan addresses important issues that help protect, preserve and transfer wealth. Although Financial Balance Group, LLC does not provide legal advice or draft legal documents, we do provide basic guidance and understanding of the important issues and decisions that must be made as it relates to death and incapacity.

Risks Associated with Improper Planning

Similar to any other risk that goes inadequately managed, an individual who does not properly plan for death, disability and property transfer could create considerable loss to his/her family, survivors, heirs or business partners.

• Excessive transfer taxes
• Excessive transfer costs
• Unfulfilled property transfer wishes
• Unfulfilled charitable contribution wishes
• Insufficient liquidity at death to provide for survivors
• Unfulfilled medical directive and health care wishes

Financial Balance Group, LLC can provide you with basic guidance and understanding of the important issues and decisions that must be made as it relates to estate planning. Call 888-513-2300 or register here to schedule your complimentary initial consultation.