 Is your estate in order?
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You may benefit from an estate plan in the tax-efficient transfer
of assets from one generation to another. |
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Estate Planning Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. Estate planning also increases the efficiency with which an estate can be settled. Effective estate planning may include the use of trusts, a will, business succession planning, consolidation of investment accounts, charitable contributions and gifting, as well as the creation of specialized entities such as family limited partnerships and irrevocable life insurance trusts.
Due to the complexity of estate planning, it is common to have an estate attorney, an accountant, and an investment advisor working as a team to efficiently organize an estate. We have several estate attorneys that we can recommend and our own wealth management group to make up your own personalized estate team. For business owners, providing for business continuity and succession of ownership is essential. Often times, a life insurance-funded buy sell agreement can provide the necessary liquidity to purchase ownership in a partnership arrangement. We can guide you through the complex process of getting your business affairs in order. A well-organized estate may be composed of trusts, insurance policies, a will, charitable giving, retirement accounts, and a business succession plan. Due to the variety of professionals required in estate planning, it is a process that needs to be lead and orchestrated by someone you trust with years of experience. We can develop and coordinate a comprehensive estate planning strategy that best meets your needs.
Please contact Keith Uselton at keith@ducpa.com for more information. |
Daniels, Uselton and Clay, P.C. • 107 Armour Road, Kingston, TN 37763 • Phone 865.376.9564 • Fax 865.376.1819 • info@ducpa.com
Copyright 2009. All Rights Reserved
Copyright 2009. All Rights Reserved
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