The more you have — the more you have to lose.
After spending so much time, energy and resources building your business and wealth, you need to preserve it and pass it along to the next generation.
Have you considered the impact that taxes will have on the value of your estate when you pass away? What type of taxes could your estate be subject to: income tax, capital gains tax, probate tax, others? Will your estate need to liquidate assets to fund tax liabilities upon your death? Without proper planning, taxes can consume a significant portion of your estate capital.
Estate planning is a complex and emotional process with major financial consequences. There are numerous issues to consider and advanced planning is essential. Assisting our clients with the funding solutions and product recommendations is a core area of expertise at Integrated Financial Strategies.
Permanent life insurance plays a central role in the estate planning process because it protects and enhances the value of your estate.
Permanent life insurance has many estate planning uses, the most important being its ability to transfers risk away from the estate. This provides peace of mind while at the same time outperforming other alternative methods in terms of financial cost.
Estate planning is not a static process. It is a dynamic process that should be reviewed and updated on a regular basis to ensure your goals and objectives are still being met. Changes in your personal and/or business situation should prompt you to revisit your estate plan. Find out more about Estate Planning by clicking on the topics below.
Let us guide you through the pros and cons of different insurance planning solutions that will preserve and enhance the value of your estate.
We recommend that you involve your tax and legal team in the estate planning conversation.
I’ve always believed that applying for life insurance was filling out a form and obtaining a quote until I met Mark and his team at Integrated Financial Strategies. Mark’s patient, diligent & detailed approach to reviewing my personal and business affairs produced a solution that provided me with peace of mind that I was doing the right thing at the right time to protect my family and my business.