By evaluating your estate structure, gifting aspirations, retirement plans, tax liability, insurance, family dynamics and savings and investment strategies, we can provide valuable insight and direction to ensure your wealth plan is best positioned to meet your goals. This is not a one-time exercise. It is an on-going aspect of our service and helps guide every decision and recommendation.
We find there are 4 major stages of wealth planning, each with a different areas of focus. By tracking your estate structure and wealth accumulation in Trellis, your advisor can help you transition through these stages and make adjustments to your wealth plan to reflect your changing needs and goals.
Stages of Wealth Planning
1. WEALTH ACCUMULATION
How much should I be saving and where? How aggressive should I be investing? Do I have the right structure for my assets given my goals?
2. INCREASING FAMILY COMPLEXITY
How do I protect my family in case something happens to me or my spouse? What is the best way to save for college? What are my options to establish financial assistance for a special needs member of the family?
3. WEALTH PRESERVATION AND GROWTH
Do I need to consider a living trust or other legal structure to protect my investments? What can alternative investments do for my portfolio? Can I meet my investment return goals through investments that reflect my personal values? How can I structure my business transition to best meet my financial goals? What other risk management strategies do I need to consider?
4. WEALTH DISTRIBUTION AND GIFTING
How can I limit my estate tax liability? Is my estate structured to best meet my wealth distribution and gifting wishes upon my death?