Estate planning is the process of planning for the transfer of wealth and assets after death, and involves how assets will be preserved, managed and distributed.
A proper plan can help an individual minimize gift, estate, generation skipping transfer and income tax. Estate planning can also put in place a plan for the management of your property or financial obligations should you become incapacitated.
The goal of estate planning is determined by your specific goals and may be simple or complex. Regardless of your age, or the size and complexity of your estate a properly prepared plan can provide comfort, knowing that you have a plan in place that provides for the safe and manageable transfer of assets in accordance with your wishes, goals and objectives.
Every individual situation is unique. At First National Trust & Wealth Management we are here to answer your specific questions and help guide you through your estate planning process.
Contact us today to discuss estate planning strategies.
There are many ways that we support our favorite charitable causes. However, one of the most beneficial ways to support a favorite charity now and into perpetuity is through planned giving.
We all have our own unique relationship with money. We certainly have our own unique way of both spending and saving money.
However, if you’re ready to start putting some money aside, or looking for tips on money management, or even the best way to pay your bills, the following tips may provide a little bit of help:
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It’s never too early or too late to start planning for retirement. However, in the U.S., when it comes to retirement savings, later seems to be the standard. According to RothIRA.com, only 56% of today’s workers in the U.S. are currently saving money for their retirement, and 38% of those currently saving have less than $10,000 saved.
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