It’s been said that the only sure things in life are death and taxes – and these can be expensive if they aren’t properly planned for.

Careful and well thought out estate planning, trust planning, and gift planning can help you in preserving your wealth and passing it on to those you care about in the most efficient manner possible. When doing so, you may have many potential objectives – both financial and non-financial – to consider throughout the process.

Just some of your key estate planning considerations may include:

• Creating a will
• Setting up trusts
• Establishing guardians for heirs and / or for minor or special needs dependents
• Naming an executor for the estate
• Setting up powers of attorney
• Creating and / or updating beneficiaries
• Establishing final arrangements
• Establishing gifting to heirs and / or charitable organizations

We also offer individual planning services such as:

• Retirement preparation and planning
• College planning
• Budgeting, wealth planning and implementation
• Mortgages

In addition, because life is constantly evolving and moving forward, it is likely that you may experience significant changes over time. With that in mind, it will also make sense to review your financial and estate plans on a regular basis.

While many people believe that estate planning is only for those who have substantial net worth, the reality is that this type of planning should be considered even if your taxable estate is not significantly large. This way you can ensure that your specific goals can be met.

At KB Smith, we have extensive experience in working with clients who want to plan for the future. We offer advice that can ensure that those you care about most won’t be burdened with an unexpected financial hardship upon your passing.

For more information on how you and your loved ones can benefit from our estate, trust, and gift planning services, contact us.