Family Wealth & Estate Planning

Estate planning is simply determining (while you’re still alive) where your assets should go after you die. As financial advisers, the most common error we see is an inadequate or incomplete estate plan, or not having one at all. Without a properly structured estate plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially.

A proper estate plan that is carefully crafted and executed can provide you with the assurance that:

  • your loved ones will be taken care of in the manner you choose
  • assets are distributed based on your wishes

  • income and estate taxes are minimized

  • administrative complications in the event of incapacity or disability can be prevented

While the concept is simple, the vehicles, planning and implementation process can be rather complex. With the potential impact of estate tax law changes and new strategies to help you protect and transfer your assets, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis. 

We will work together with your attorney or, if you require a referral, we are happy to provide you with the names of local estate planning professionals we work closely with.

The Power of your Beneficiary Election

Charitable Giving

Trusts

IRA Legacy Planning

 

Note: Employees of Hughes Financial Services, LLC, are not attorneys and may not give legal advice. Investors should consult with a qualified attorney before implementing any estate planning advice.