Estate Planning

Interested in leaving a financial legacy for your loved ones, contributing to your charitable endeavors, or simply ensuring that your wishes are followed when it comes to medical care and the distribution of your assets? You’ll need a plan to make them all work together.

 

1 out of 4 Americans say inflation has caused them to see a greater need for estate planning, yet the overall percentage of people who said they have a will or another estate planning document was 34% in 2023.1

 

 

Things to consider

As retirement nears, you know you need to get your financial house in order. The benefits are clear: more control over your health care wishes and your legacy, as well as greater financial peace of mind for you and your beneficiaries.

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Care for special needs

If you have a loved one with a disability, consider planning for their continued care with a Special Needs Trust.

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Treat assets differently

Consider finding an appropriate balance of caution and aggressiveness when it comes to different assets.

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Update beneficiary designations

When it comes to many assets, your beneficiary designations take precedence over any stipulations made in your will.

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Ensure estate liquidity

Life insurance death benefits can offer a tax-efficient way to transfer wealth and provide needed liquidity to your estate.

1Caring.com 2023 Wills and Estate Planning Study

What to ask your Janney Financial Advisor

  • How can you help me to better prepare my estate to reflect my wishes?
  • Could life insurance and/or a trust make transferring my wealth easier and more tax-efficient?
  • How do I set aside money for the care of a special needs loved one without impact their benefit eligibility?
  • Who should I choose to serve as Executor of my estate?

 

 

 

 

Talk with a Janney Financial Advisor

You don’t need to go it alone. Wherever you are on your wealth journey, we can build a tailored financial plan and make recommendations that are aligned with your best interest and unique needs, goals, and preferences. Contact us today to discuss how we can put a plan in place designed to help you reach your financial goals.

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