For more information or to get started, please call us at 602-494-0555

Successful Money Management® seminar includes:

Financial Strategies
Private Wealth Management
Investment Consulting
Retirement Planning
IRA
401(k)
Risk Management
Estate Planning

Hear How You Can:

Manage Your Money
Potentially Reduce Your Taxes
Save and Invest
Structure Your Investments
Seek a Financially Independent Retirement

Basic Estate Planning

Register for the Money Management Seminar and a financial instructor will provide guidance in planning one's estate. Estate planning should always involve a financial professional and a qualified attorney. An estate consists of everything one owns or controls, including tangible and intangible assets. An estate plan will ensure that dependents and others designated, rightfully and legally inherit specified assets within the estate. Failure to plan could put your estate in the hands of the courts, which may distribute the assets among dependents and entities at its discretion.

Transferring an Estate

Upon death, assets and controlling interests must be legally transferred to someone else. There are four ways to accomplish this:

Direct Asset Transfer- Assets that have a beneficiary designation or a payable-on-death clause are transferred directly to the new owner
Joint Ownership- Transference of assets by joint tenancy, tenants in common, or community property law
Trusts- Written legal document whereby one person (the grantor) transfers asset control to a trustee for the benefit of another person (the beneficiary)
Probate- Court-supervised process which identifies what is owned and distributes the assets according to predefined wishes, or by state law

Questions to Consider - Estate Planning

Whom do you want to manage your estate?
What items or assets do you want specific individuals to receive?
How do you want your other assets distributed?
Do any family members have health problems or special needs?
If you have minor children, whom do you want to take care of them?
Do you want to limit your spouse.s flexibility over the inheritance?
How important is it to reduce estate taxes?
Do you want to leave anything to charity?
If you become incapable of handling your financial affairs, whom do you want to handle them for you?
Do you want a living will?
Do you want to donate your organs for transplant or your body for medical research?