Estate Planning: Securing Your Legacy

Estate planning can be a helpful step in managing your financial future. With proper planning, individuals can be thoughtful about their legacy by thinking about the following benefits:

• Clarity: Provides direction for distributing property and assets and designates who will oversee the process.
• Medical guidance: Defines health care wishes and appoints who will make financial and medical decisions.
• Flexibility: Outlines support for people, organizations and causes both now and after an individual passes.
• Time & Money savings: Helps avoid court proceedings and can help provide tax-efficient transfer of wealth.
• More Peace of mind: Can offer loved ones a clear understanding of an individual’s wishes.

Stack Stone Wealth is here to help you with this intricate process, offering experience to help meet your unique estate planning needs.

While the giving of legal advice and the preparation of legal documents may only be done by an attorney, our team can help with other disciplines of professional services for estate planning. Services offered by StackStone Wealth include personal and business structuring, cash flow, tax planning strategies, insurance, investment, and retirement guidance. For example, people might have purchased trusts or investments without much more thought than the decision of profit or loss. When estate planning is done in a patchwork manner, even with good intentions, the result may be a poor overall plan. We advise that planning should precede product. That is why we believe that estate planning should be done with a team of professionals working in collaboration for the client’s best interests. In an ideal situation, we believe the estate planning team should consist of a financial advisor, an estate planning attorney, and an accountant. No one party owns or dominates the others, but they realize that the client’s interests are of foremost concern, and they work together in good faith to achieve the best results for the client. This team approach we believe will be a winning combination for the client.

What is Estate Planning?

A broader definition of “Estate Planning” might include these elements:

• Preserve your estate for the benefit of your spouse and heirs.
• Maintain control of your assets as long as possible.
• Select beneficiaries to direct who is going to receive your estate and define their inheritance details.
• Reduce unnecessary taxes, fees, costs, and commissions.
• Collaborate with experienced professionals to avoid banks, trust mills, high priced lawyers, and probate courts.
• Preferably work with a team of professionals composed of a financial advisor, tax advisor, and a lawyer with very specific knowledge of estate planning.

Estate Planning can be essential for everyone, addressing two fundamental concerns: managing your estate in the event of incapacitation, and ensuring its proper distribution upon death. The core objectives are to maintain control and safeguard your estate, regardless of its size or location.

How Stack Stone Wealth Can Help

Stack Stone Wealth understands the complexities of estate planning. Our team works closely with each client and collaborates with their legal and tax professionals to help ensure all aspects of your estate are covered. Whether it's setting up trusts, designating powers of attorney, or providing guidance on tax implications, Stack Stone Wealth helps to ensure your estate plan is tailored to your unique situation.

Contact our team today to schedule a complimentary consultation and take the first step in creating a personalized estate plan.