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Estate Planning

Estate Planning is the life long process of acquiring, utilizing, growing, preserving and then, finally, transferring your assets. Proper estate planning can help you bypass probate, reduce or avoid estate taxes, and help towards securing your family's future. 






Some of the questions clients need to answer are the following:

  • Who will ultimately receive my estate?
  • How can I reduce or eliminate taxes, administrative expenses, and delays in the connection to the distribution of my estate?
  • How can I provide liquidity to cover taxes, debts, and expenses my family and I may owe?
  • How can I avoid the potential problem of a Guardianship?
  • Do I need Powers of Attorney for Health Care? Property?
  • Do I need a Will or Living Trust?

Estate planning is not just for the wealthy, as many people believe. When you die the government assesses the value of everything you own-your home, your business, other real estate holdings, insurance policies, savings, retirement plan assets, government benefits, personal property, and so forth. Our team of professional's goal is to help you pass on what you want, when you want, to whom you want.

The five most common ways to make sure your estate is distributed according to your wishes are:

  • Wills- a legal declaration that directs the way your assets are divided
  • Trusts- a method of transferring assets to your beneficiaries privately. There are many types of trusts, such as Living Trusts, QTIP Trusts, Irrevocable Life Insurance Trusts, and Charitable Remainder Trusts
  • Charitable Gifts-a way to give some of your assets to selected organizations and thereby reduce the amount of taxes you owe
  • Life Insurance-a way to provide immediate cash to your family
  • Beneficiary Designations- a direct naming of a beneficiary bypasses the probate process
Proper estate planning provides a firm foundation for you and your family's financial life.

Click Here to watch our interactive videos about different estate issues.

*Summit Brokerage Services, Inc., its affiliates and Delco Financial Group, Inc. do not give tax or legal advice. You should consult an experienced professional regarding the tax consequences of a specific transaction.