Traditional estate planning focuses on what happens to assets at your death. The new approach to estate planning also provides the opportunity to focus on assets while you are alive. A Business-Owner Centered Estate Plan can maximize how you enjoy life today and in retirement, and also maximize the assets you pass on to your family and society.
Largely as a result of tax law changes, estate planning has changed significantly in recent years. In the past, most estate planning discussions centered on:
These discussions are important but miss the central objective: How to maximize your estate today, at retirement and at death.
Now, the process begins by focusing on you and your spouse today and in your retirement. Along the way it helps you plan for what happens upon your death and answers some important questions.
Estate planning is about more than passing material wealth, it’s also about: