With the assistance of an estate planning attorney, Gary and Carmen had begun to develop a complex estate plan using many trusts and advanced planning techniques. However, completion of the plan stalled as they became distracted by other projects.
After obtaining permission from Gary and Carmen to work with their attorney on the project, PartnersInWealth used our detailed understanding of our client and our client-approved access to most of their financial documents to help the attorney obtain the information needed to complete the estate planning documents for their approval. This included:
- Performing an analysis to determine how much money they need to hold outside of trusts to meet their income and other needs for the rest of their lives.
- Evaluating investments across all accounts to identify those that are the best fit for various aspects of their estate plan, such as charitable contributions and trusts for children and grandchildren.
- Reviewing drafts of the estate planning documents to ensure all personal factual information (spelling of names, addresses, dates of birth, etc.) is correct.
Gary and Carmen have confidence in their estate plan because their advisors worked as a team to create it, each adding their unique skills to the mix. With multiple advisors working on their behalf, they also enjoy the advantage of checks and balances to ensure they have the best plan for them.
Client Since: 2008