Many of us are so busy trying to build our assets that we neglect to take the time to ensure that we conserve them for the people or organizations we want to share them with after our death. The solution is to carefully plan your estate now, so that you can reduce its tax burden later — enabling you to distribute more of your assets to your beneficiaries.
Without proper planning, over half of the value of that estate could be lost due to federal estate taxes at your death. Do you want the IRS to be the single largest beneficiary of your estate?
People frequently underestimate the value of their estate. If you consider the value of your home, cash, investments, pension benefits, personal property, trusts, life insurance and other assets, you are probably worth a lot more than you think.
Thoughtful and comprehensive estate planning involves ways to help reduce taxes and to help your beneficiaries receive as much of your estate as possible. As your life’s circumstances change, your estate plan should change accordingly.
Regardless of its size, your estate is important. You’ve worked too hard to obtain the assets you have; don’t let their value be slashed at your death by unnecessary taxes. Take the time and opportunity now to explore the many options for creating an estate plan to help protect your assets — and your beneficiaries.
Lincoln Investment has been helping individuals wisely handle and grow their assets since 1968. By working closely with your other professional advisors, such as your attorney and accountant, your Lincoln Investment financial advisor can provide valuable coordination in carefully structuring your estate plan. We look forward to working with you.