In Estate Planning, Consider a Triple Approach
By Barry Zimmer on January 6th, 2015 in General
As estate planning lawyers, we know that our clients’ goals are always to preserve what they’ve worked so hard to build. It’s all about long term success in their finances. We also know that in order to accomplish that, there must be an emphasis on all areas – from tax planning to retirement planning to caring for their loved ones when they’re gone. It’s for these reasons we not only stress the importance of financial planners and/or tax advisors, but our team works closely with these professionals with the shared goal of assisting our clients.
Just as financial planners and tax professionals understand their respective fields, we know how to put into place solid estate 
planning based on any client’s needs. Each of these fields – legal, financial and tax – can be complex and we’re not doing a client justice if we don’t remind him of the benefits and importance of a “triple approach”.
Because of this, we encourage our clients to keep their collective team in the loop so that first, they’re better able to accomplish their goals, but also because without a uniform approach, it could leave them vulnerable. If you have a financial planner and a tax advisor, keep them in the loop. Communication is everything when it comes to solid planning for the future.
Don’t forget that laws change, especially when it comes to taxes. They can greatly impact your estate planning efforts, so again, keeping everyone in the loop means you’re left with no vulnerabilities.
Did you get divorced? Have new grandchildren? Change jobs? Your life events impact more than just you. You may need to adjust any trusts you’ve put into place, your savings goals may shift, your assets may need to be shifted so that your heirs enjoy any potential tax breaks and much more.
It can feel overwhelming, we understand that. If you’re unsure of where to turn to find financial and/or tax advisors, we’re happy to review your overall estate plan through one of our alliances. They’re local experts on everything from investments to taxes to long term financial and insurance planning. These consultations won’t cost you anything and you’ll leave with a better understanding of what role it all plays, how it benefits you and how to move forward with the knowledge.
Your financial plan is too important to be a passing thought. Whether you’ve engaged the services of a financial advisor already and are now looking for an estate planning team, or if you’ve been advised by a tax advisor to consider additional guidance, it’s the financial plan that brings your team together. We’ve worked with these professionals for years and with one common goal: to protect our shared client.
The added assurances you receive from three separate entities lets you know you’re on the right path for long term success and a far easier retirement.
Give us a call today to discuss your options or to learn more about our alliances. Remember you’re never obligated to take any financial, legal or tax advice, but it’s an empowering feeling knowing you have experts who are willing to step up to the plate.