Net Worth:  Over Five Million Dollars  

Congratulations, you’ve reached a level of net worth achieved by less than one percent of households.  Upon death, some estate taxes will likely be due.  The initial steps are the same actions as for assets in the million to five million ranges.  Then, additional planning is warranted with the goal to find the right balance between tax-saving and maximizing asset transfer to desired beneficiaries.  Insurance trusts can be used to take full advantage of the tax benefits of insurance proceeds.  Family Partnership Conveyances -- where assets are divided into shares effectively reducing the fair market value of the pieces – can further reduce the tax obligation on family business and family property transfers.  Charitable Trusts can be used to convey principal [plus modest appreciation] tax free while maintaining higher appreciation as income for your beneficiaries.   Expect to spend a minimum of $3000 additional setting up these complex instruments. 



The Process we follow:      New Client               Probate                 Picking a Trustee

Life's Complexities that can be protected against
- Your beneficiary has an accident and is sued
- Surviving Spouse Remarries into fiscal irresponsibility
- Keeping your wealth in the family should your surviving spouse remarry
- Keeping your wealth in the family upon divorce of a beneficiary
- Surviving spouse needs both money and money management
- Surviving spouse has an accident and is sued

Choose a different Net Worth:    < $300,000     Up to $1,000,000      1 to 5 Million      Over 5 Million

Some Helpful Information:     Definitions
                                                Additional Reading

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