- How can I start investing for my retirement?
- How can I plan for my children's education?
- How do I develop an investment strategy that supports my lifestyle?
- I have money to invest. Where do I begin?
- As a business owner, how do I plan for my own and my employees' needs?
- How can I lower my tax bill?
- How can I ensure the financial security of my family?
- How can I ensure that my wealth is transferred to my loved ones?
- How can I manage my short-term needs while maintaining my long-term financial goals?
CHOOSE BY LIFE EVENT
HOW WE APPROACH YOUR NEEDS
How can I ensure that my wealth is transferred to my loved ones?
For most of us, there's nothing more important than family. We work hard and save money in order to share a comfortable life with our loved ones.
But have you ever thought about what they would do if you weren't around? Do you know how much your life insurance will provide for them? Would taxes take a majority of your assets and savings? Did you realize that in order to transfer your wealth, you must do more than draft a will?
Create a Plan
Providing for your loved ones - which includes everything from acquiring life insurance to drawing up an estate plan to having a team of professionals in place - can be a daunting task. It's an emotional decision, and one that's not easy to discuss. What's more, we always believe "there's plenty of time." But with so many aspects to consider, it's important to get started today. After all, it's not just protecting your loved ones after your death, it's also important in case you become incapacitated and can't make financial decisions.
What exactly should you be thinking about?
- Choosing life insurance
- Lowering your tax bill
- Proper titling of assets
- Designating beneficiaries
- Drafting a will
- Drafting a living trust
- Setting up durable power of attorney (general and healthcare)
- Leaving a legacy
Reviewing Your Needs
Once you have a plan, you're not necessarily finished. You'll want to review it every 3-5 years as your financial picture changes with time. You might have a new child, a change in health conditions, an increase in net worth, or you might want to alter your plan based on external circumstances, such as new tax laws. Like other financial investments, it's important to actively monitor your needs and manage your allocations.
Getting Started
Because providing for your loved ones is very personal, there is no one-size-fits-all strategy. But we can help you start identifying your needs and putting together the pieces that can help protect you, your assets and, most important, your loved ones.
To learn how Edward Jones can help you establish an estate planning team, contact your local financial advisor. We'll not only talk to you one-on-one about your needs, we'll also provide a complimentary personal portfolio review.
Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. Please consult your attorney or qualified tax advisor regarding your particular situation.
