Financial Life Advisors’ estate planning services are far beyond straightforward, financial analysis. This planning area requires a special sensitivity to the dynamics of your entire life—family, finances, business, lifestyle, and goals.
We routinely visit with you to help you identify and clarify your goals, explain projected tax and other consequences, and recommend alternative strategies.
Our primary goal is to help you identify and clarify your estate planning goals.
Most individuals have goals that center on preserving and directing the disposition of their assets, while reducing the potential estate tax liability and providing for adequate liquidity.
Our approach includes such activities as:
• Analyzing your current financial situation
• Gaining knowledge of your non-financial situation (family, business)
• Identifying any anticipated assets (remainder interests, life insurance
proceeds, potential inheritances)
• Determining estate liquidity needs
• Reviewing asset titling
• Reviewing relevant documents (existing wills, trusts, insurance policies,
retirement plans)
• Reviewing current beneficiary designations to make sure they are
consistent with the estate plan.
Developing Estate Planning Strategies
After reviewing your goals, assets, liquidity, legal documents, and other aspects of your life, we develop and evaluate alternative strategies that, based on available resources and other constraints, are designed to fulfill your estate planning goals.
Coordinating the Estate Planning Team
As just one of the professional on your estate team, we think it is important to periodically coordinate with the other various members of your estate planning team—attorneys, insurance brokers, investment professionals, actuaries, appraisers—to ensure that your strategies are properly implemented.
Implementing and Monitoring
We often take the role of assisting you on the implementation of your various recommendations, including the coordination of such activities as the selection of an attorney to draft documents; the transfer or re-titling of assets; making the correct beneficiary designations; gifting programs; and purchase of insurance. In addition, it is important to monitor changes in your family, health, business, and other life situations on an ongoing basis to assess the continuing validity of the estate plan.
Contact us today for a complimentary consultation.
This firm is not a CPA firm.
Financial Life Advisors (FLA), a Registered Investment Adviser, and Jim Oliver & Associates, P.C. (JOA) are under common ownership and control. Team Oliver is used to describe collaborative services of both firms. Professional tax services are provided by JOA and investment advisory services are provided by FLA, each under separate agreements.
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