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Estate Planning
Estate taxes may be the largest single tax expense you will face and
your estate could be worth only half of what you think. We will show you
alternatives for passing on your estate and strategies for reducing taxes.
An essential part of any estate plan is a will. It is the primary document
for transferring your wealth to those you want to inherit it. Three major
provisions your will should include are:
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a guardian for your minor children,
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the creation of trusts to accomplish long term goals,
such as funding
a child's education or providing for
an elderly parent, and
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the designation
of an executor.
Our Certified Financial Planners will assist you in determining
how much life insurance you need to provide the necessary cash flow to
maintain the lifestyles of your heirs, to provide the amounts necessary
to pay estate taxes and to provide necessary liquidity for an estate.
Estate Planning is an on-going process. Review your current plan to
ensure it fits your present situation, update it as your financial circumstances
change.
For more information please contact Jennifer Bordes, CPA, CSEP
Director of Tax Consulting Services at LaPorte Sehrt Romig Hand at (504) 835-5522.
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