Sometimes planning for one’s estate is not taken into consideration until tragedy strikes a close friend or family member. One Financial Services prefers to be proactive when helping our clients create a plan for their heirs.
Although we are not attorneys and do not prepare legal documents or provide legal advice, our advisors are CERTIFIED FINANCIAL PLANNERS™ (CFP®). They have studied the area of estate planning and can discuss concepts and realistic alternatives for addressing a client’s concerns or circumstances.
Our firm recognizes the importance of wills, power of attorney documents, and beneficiary designations being up to date and consistent with the client’s goals and wishes for the transfer of their assets. We encourage the client that copies of all pertinent documents are provided to our office so that we can coordinate their wishes into their financial plan.
Due to our extensive experience in estate planning, our firm is capable of handling several unique areas of concern. For example, if the client has an estate with a special needs circumstance, we can review the interrelated issues of the possible use of trusts, situation-specific beneficiary designations, and the use of life insurance to fund a long-term financial need of a disabled person. If the client is concerned with the possible tax burden their heirs may inherit, their financial plan would include a review of the tax implications that can arise within the estate and preemptively help the client to compensate accordingly.
No matter what circumstance may exist in a client’s life, One Financial Services is capable of handling the coordination of their estate.