Unlike the majority of advisory firms that seek to serve as jacks-of-all-trades, I focus my energy, education, knowledge, and research on legacy planning. I dedicate my time to becoming the best that I can be in this one area, rather than spread myself thin across all financial planning areas.
So, why legacy planning?
You’ve spent your entire life accumulating your wealth. You’ve worked hard to protect it, and now you want to successfully transfer it to your loved ones. But due to drastic stretch IRA changes, your loved ones could lose at least ⅓ of their inherited retirement accounts to state and federal income taxes alone.
That’s where comprehensive legacy planning comes in. I use common planning strategies to make sure your heirs receive 100% of their inheritance, not 70%. Together, we make sure you have:
- A comprehensive plan for covering potential long-term care costs, including the high cost of nursing home care and Medicaid
- All the necessary components of a solid estate plan, so that your assets quickly pass to your heirs and avoid probate
- Adequate life insurance coverage to recoup all the income taxes you paid on IRA withdrawals and Social Security income during your lifetime
With something as important as legacy planning, you need an experienced and knowledgeable advisor who can help you make the right decisions.
Just as you wouldn’t rely on the help of a general practitioner for a heart transplant, you deserve to work with an advisor who specializes in maximizing the wealth you transfer to your heirs. That’s why I believe The Estate, Legacy & Long-Term Care Planning Center of Western NY is the right choice for all your legacy planning needs.