Milestone Wealth is committed to helping you preserve your legacy. We will work closely with you to help facilitate your wishes with regard to how your assets will be allocated after you are gone. With careful planning and documentation, you can look forward to being able to pass your wealth on to your loved ones in the most tax and cost-effective way possible.

Proper estate planning gives you control over important financial and personal decisions. It can help you and your family preserve your legacy and accomplish your goals even after you pass away. Depending on how we help you structure your estate, it is possible to reduce or eliminate most of the taxes and costs of wealth transfer. In some cases, we can even increase the value of your estate in the process.

Contrary to common belief, everyone needs estate planning. The consequences of not having your estate well-planned out in advance are far-reaching, and can devastate the very people you want to benefit. Though nobody likes to think about the unpleasant eventuality of death, it’s always better to prepare for it now rather than leave it to chance.

Your wills and trusts are often structured to address only very specific issues and may need periodic reviews in the event your situation changes, or if there are any changes in the law that may affect your plans. People change, life takes you down many uncharted roads. A marriage breakup, a new child or a change to your assets are among the many reasons you should keep your estate plans up to date.

You need to know how the transfer of your assets will impact your beneficiaries, too. Your taxes, fees, charges, potential lawsuits, risk exposure, low returns and long-term care can all contribute their own results, wreaking havoc on what you assumed was a tidy bequest. All of these issues can be addressed with a will or living trust.

Whether you are working or retired, single, or married, wealthy or not, we will explain all the issues thoroughly, helping you understand all the ways in which careful estate planning can benefit you.

Some of the things an estate or living trust can help with includes establishing directives to ensure your wishes are honored, even if you are unable to voice them yourself.

Estate planning activities include:

While Alive:

  • Carefully documenting your intentions
  • Transfer of assets to the people or trusts that you choose
  • Appointment of a guardian to care for your children in the event you are incapacitated
  • Appointment of an individual to make medical decisions for you if incapacitated
  • Appointment of a person to make financial decisions for you if incapacitated
  • Provides peace of mind, knowing that you and your loved ones are protected and that your wishes will be honored

After Death:

  • Appoint a guardian to care for your children
  • Distribute your assets when, how and to whom you choose
  • Provide charitable gifts to organizations of your choosing
  • Minimize potential expenses and taxes
  • Avoid legal and financial complications as well as family disputes
  • Eliminate delays and publicity
  • Transfer business interests according to succession plan

At Milestone Wealth Management, we believe that a critical part of creating a sound financial plan is having all of your affairs in order. We have a team of specialists that work together to help you prepare and execute an estate plan that is right for you and your loved ones.

We will define strategies based on two principles: preserving your legacy and honoring your wishes. While each component is important in and of themselves, they each have complexities that can and should be addressed. Taking your big-picture financial situation into account, Milestone Wealth can offer guidance and recommendations for products that will make the most of your assets without causing undue stress on your beneficiaries.

Milestone Wealth: helping to preserve your legacy through estate planning

If you have been thinking about how your wealth is going to perform after you are not around to nurture it, it might be time to think about estate planning. With some careful forethought, you have the power to transform the lives of those you love most, leaving them with a lasting memory of how much you care. If you would like to find out more about estate planning we would love to help.