HELPING YOU FULFILL your VISION

5890 Sawmill Road, Suite 130  |  Dublin, Ohio  43017  |  Phone: 614-824-3080  |  Fax: 614-824-3082  |  Toll-Free: 877-369-4046

 

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

 

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

 

© 2018 Raymond James Financial Services, Inc., member FINRA / SIPC

Estate Planning

Estate planning creates a master plan for the management of property during life and the distribution of that property at death.  We work with our clients’ estate planning attorney to help coordinate their estate plans.   For clients without an advisor, we can refer them to a qualified attorney.  For most clients, estate planning will:

 

• Give more control over assets during life

• Provide care when disabled

• Allow for the transfer of wealth to whom and when wanted, at the lowest possible cost

 

Common estate planning issues addressed in the wealth management process include the following four areas:

 

1. Transfer of wealth

Wealth transfer planning involves the smooth transition and distribution of wealth according to your wishes. With proper estate planning, you decide to whom, how, and when your assets will be distributed, as well as who will manage your estate or business. Special issues you may deal with are providing financial security for others, planning for children of a previous marriage, equalizing inheritances fairly, and retiring from your business. Wealth transfer planning also involves the management of assets during disability or incapacity.

 

2. Minimization of transfer taxes

A major goal of estate planning is to minimize potential taxes without interfering with your other financial goals. If you give away wealth, during life or at death, you may incur federal—and possibly state—taxes. You can help protect the assets you transfer from excessive depletion by understanding these taxes and the various strategies you can use to minimize them.

 

3. Asset protection

If you own substantial assets, creditor protection can be a concern. Creditors can come in many forms. An asset protection plan first identifies potential exposure and then identifies preventive tools and strategies to reduce exposure. Asset protection planning deals with ownership issues, liability insurance, statutory protections, special needs trusts, offshore and domestic trusts, prenuptial agreements, divorce, and business dissolutions.

 

4. Charitable giving

Charitable giving is motivated by both personal and tax incentives. Congress encourages charitable giving through tax legislation that can minimize your income and estate taxes. Charitable planning involves selecting the gifted property and charitable structure that will target your needs.

 

 

Our process does not end with estate planning but coordinates your estate plan with your overall plans for your business, investments, insurance, and employee benefits.

 

 

 

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Investors should consult with a tax or legal professional regarding their individual situation.  Raymond James does not offer tax or legal advice.