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:

1. A guardian for your minor children
2. The creation of trusts to accomplish long term goals, such as funding a child's education or providing for an elderly parent, and
3. 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 ongoing 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 Services at LaPorte at 504.835.5522.