iStock_LastWillsq_000009179217XSmall.jpg Estate planning.
Estate planning creates a master plan for the management of your property during life and the distribution of that property at death.


For most people, estate planning will:
  • Give you more control over your assets during your life
  • Provide care when you are disabled
  • Allow for the transfer of wealth to whom you want, when you want, at the lowest possible cost

Common estate planning issues addressed in the wealth management process include:
  • The transfer of wealth
  • The minimization of transfer taxes
  • Asset protection
  • Charitable giving

Wealth transfer planning involves the smooth transition and distribution of wealth according to your wishes. With proper estate planning, you decide to whom, how, and when your assets will be distributed, as well as who will manage your estate or business. Special issues you may deal with are providing financial security for others, planning for children of a previous marriage, equalizing inheritances fairly and retiring from your business. Wealth transfer planning also involves the management of assets during disability or incapacity.

A major goal of estate planning is to minimize potential taxes without interfering with your other financial goals. If you give away wealth during life or at death, you may incur federal—and possibly state—taxes. You can help protect the assets you transfer from excessive depletion by understanding these taxes and the various strategies you can use to minimize them.

If you own substantial assets, creditor protection can be a concern. Creditors can come in many forms. An asset protection plan first identifies potential exposure and then identifies preventive tools and strategies to reduce exposure. Asset protection planning deals with ownership issues, liability insurance, statutory protections, special needs trusts, offshore and domestic trusts, prenuptial agreements, divorce and business dissolutions.

Charitable giving is motivated by both personal and tax incentives. Congress encourages charitable giving through tax legislation that can minimize your income and estate taxes. Charitable planning involves selecting the gifted property and charitable structure that will target your needs.

Our process does not end with estate planning but coordinates your estate plan with your overall plans for your business, investments, insurance and employee benefits.

Coming Up!

Join us for our next wealth management session on "Estate Planning: Dos and Don'ts." February 23, 2012 from 12:00-1:30pm. Oakmont, CA. Lunch provided!

meyers_chemo_caps.png

Meyers Financial supports Chemo Caps for Kids,

a Commonwealth Financial Network program that provides hand-knit hats to children undergoing cancer treatment.

Want to help? Here's how.


"The destiny of human rights is in the hands of all our citizens in all our communities."

- Eleanor Roosevelt


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This communication is strictly intended for individuals residing in the states of CA,CO,ID,IL,PA. No offers may be made or accepted from any resident
outside these states due to various state regulations and registration requirements regarding investment products and services.

Lillian Meyers (CA Insurance License #0809561) is a Registered Representative and Investment Adviser Representative with/and offers securities through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Lillian is also an Investment Adviser Representative of Meyers Financial, a Registered Investment Adviser. Advisory services, fixed insurance products and services, divorce analysis, and tax services offered by Meyers Financial are separate and unrelated to Commonwealth. 

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