Estate Plan Audits
With many things we all do, we get second opinions...we shop around...we look for the best quote or the person to provide the best service...and so on and so on. We spend a lot of time shopping for the best deal...to make sure we did the right thing, but most people never get a second opinion on their estate plan. Actually most never even start a plan!
If we wreck our car, the insurance company generally requires a second opinion to go along side the first. To make sure there are no mistakes.
One of the most important things one can do is make sure there are no surprises for you and your heirs. For over 20 years, we’ve been helping our clients reduce or eliminate surprises, headaches, over-payments of taxes, and the list goes on.
We've helped them create income they cannot outlive. We set up their retirement accounts so that when the markets do well, my clients participate in those gains, but when the markets tank, our client's principle and annually locked in gains are not effected.
Most of us have a life and health insurance agent, car and property insurance agent, stock broker, financial advisor, accountant, attorney, etc. Almost no one has a financial professional that can coordinate and make sure all aspects of a Proper Estate Plan are covered! This also makes it easier for your heirs.
In every estate plan, there is a bucket. This bucket has all of what you worked hard for in it...this is your estate. In every estate plan bucket, there are leaks. In almost every plan we have reviewed, there was little or nothing done to reduce or stop the leaks! Most people are just “SOLD” products!
These leaks can include: (before and/or after death)
Over payment of estate planning tools (insurances)
Over payment of Income Taxes (while alive)
Unneeded products
Over payment of Federal Estate Taxes (can be $100,000’s to $1,000,000’s)
Over payment of taxes on Social Security
Over payment of Attorney’s fees
Insurances that may not be there when you need them most (common) Poorly designed documents
Unnecessary fees after death
Loss of estate value due to inflation
Loss of 35% - 80% or more of the IRA value upon distribution to heirs when if properly planned, you could actually quadruple your Legacy!
Market exposure that can cause catastrophic loss to savings (Look at the 2000 and 2007 market crashes) How has your savings and retirement plans done?
Exposure to catastrophic loss due to health care needs (nursing home, in home care, uncovered expenses) Unintentionally Disinheriting a child or grandchild Unintentionally causing the heirs to fight
This list can go on, but I hope you get the point by now. If you don’t have a financial professional that is well versed in ALL aspects of a financial or estate plan, you need to contact Integrity Estate Advisors NOW! Don’t wait until it’s too late to have options. When you wait until something happens, we call this Crisis Management Mode...and it doesn’t work. You never have more options than you do now, and you are usually not going to get healthier as you age. Act now while there are options, not later!
Our network of qualified advisors have worked with estates as small as $100,000 to estates valued over $100,000,000. Approximately 60% of our clients have estates valued over $1,000,000. We have worked with Pittsburgh Television News Anchors, Radio Personalities, Attorneys, Doctors, Truck Drivers, Salespeople, Engineers, Teachers, and many, many Retirees. We have clients locally and multi-national clients
We look forward to helping you. Call us today for a no obligation consultation.
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1-877-419-1040