Estate Planning

Create a master plan for your property

For most people, estate planning aims to:

  • Gives more control over assets during life
  • Provide care when disabled
  • Allow for the transfer of wealth to whom and when wanted, at the lowest possible cost

Wealth transfer planning

The smooth transition and distribution of wealth according to your wishes. With proper estate planning, you decide to whom, how, and when your assets will be distributed, as well as who will manage your estate or business. Special issues you may deal with are providing financial security for others, planning for children of a previous marriage, equalizing inheritances fairly, and retiring from your business. Wealth transfer planning also involves the management of assets during disability or incapacity.

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Minimize potential taxes

A major goal of estate planning is to minimize potential taxes without interfering with your other financial goals. If you give away wealth, during life or at death, you may incur federal—and possibly state—taxes. You can help protect the assets you transfer from excessive depletion by understanding these taxes and the various strategies you can use to minimize them.

Our process does not end with estate planning but coordinates your estate plan with your overall plans for your business, investments, insurance, and employee benefits.

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Investors should consult with a tax or legal professional regarding their individual situations.

Stanziola Estate Law

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Estate Planning and Legal Services provided by Stanziola Estate Law are separate and unrelated to Commonwealth Financial Network®.