Step 5 of Retirement Success Plan: Estate Planning
Nothing is more important than protecting the legacy and assets you have spent your life accumulating and setting aside for your family. Estate Planning is more than having a will, a power of attorney, or a trust - and the simplest of overlooked details can potentially cost you thousands. This is where the Retirement Success Plan comes in. In this video, Troy Sharpe discusses the fifth and final step we take in Oak Harvest’s signature Retirement Success Plan - Estate Planning, where we come up with a strategic financial plan to set aside assets for your family exactly as you envision, and a disbursement plan that gives you control and cuts down the potential tax burden of what you could potentially pay.
Link to IRS Basis of Assets: https://www.irs.gov/pub/irs-pdf/p551.pdf
01:09 The Difference Between a CFP® and a CPWA®
04:35 The Importance of Titling of Accounts
07:18 Deciding Which Trust Is Right For You
10:03 The Different Ways to Accomplish Asset Protection
12:47 Will You Be Expected To Pay Federal Estate Taxes?
17:32 Strategic Gifting In Your Estate
23:50 The Importance of Consolidating
Want to hear more about all the steps in our Retirement Success Plan? Check out this overview where we lay out our entire process here: • Five Important Steps to Planning a Secure ...
Watch Step 1: The Allocation Meeting: • Step 1 of Retirement Success Plan: Investm...
Watch Step 2: Income Planning: • Step 2 of Retirement Success Plan: Income ...
Watch Step 3: Tax Planning: • Step 3 of Retirement Success Plan: Tax Pla...
Watch Step 4: Health Care Planning: • Step 4 of Retirement Success Plan: Health ...
Do you need a Retirement Success Plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177 @or fill out this form for a free consultation: https://click2retire.com/step_5_rsp
Disclaimer:
This video discusses fixed-income investing and utilizes the 10-year U.S. treasury as a general representative fixed-income investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixed-income assets. Other types of fixed-income products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.
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