Protecting Assets
Estate Planning
I work with business owners and individuals to develop effective estate plans to preserve and protect assets. We develop estate plans to minimize the tax liability of your estate, and provide for distribution of your assets in the event of your disability or death.
The basics of estate planning includes taking an inventory of your assets, which includes investments, retirement savings, insurance policies, and real estate or business interests. Ask yourself three questions: Who will inherit your assets? Who will handle your financial affairs if you become incapacitated? Who will make medical decisions for you if you become unable to make them for yourself?
An estate plan includes a will, assignment of power of attorney, a living will or health care medical power of attorney. For some people, a trust is also implemented. Federal and state laws govern estates, and awareness of these laws in crucial.
Life Insurance
Life insurance is essential to many families, giving extra security if the unthinkable should happen. Deciding on an amount of life insurance you should have requires careful consideration. A Financial Advisor* can help you determine just how much insurance you need based on your age, your income, family circumstances and obligations, assets owned, and debts owed.
See article: How Much Life Insurance Do You Need? . . .
See article, Types of Life Insurance . . .
Disability Income Insurance
Disability insurance plans are designed to help meet your income requirements and pay bills, should you become disabled and unable to work. Life events such as illness, accidental injury, loss of employment income, or a death in the family can affect family security. Yet these potential risks to your lifestyle can be reduced by the right insurance planning.
Long Term Care Insurance
Long Term Care Insurance provides income should you end up requiring extended care. Long terms care typically includes rehabilitative care, nursing care, personal and in-home health care.
Long Term Care Insurance protects you in the event you have to enter a long term care facility. It can also help should you ever require at home health care assistance.
The most popular type of long term care policy is one that provides income to you to provide for any type of long term care service. Other types of policies reimburse you for eligible expenses or pay a set daily amount for expenses.