Many individuals have the mistaken impression that at death, their assets will simply transfer to their loved ones. Unfortunately, unwanted heirs can siphon off money that would otherwise go to an individuals loved ones if a proper estate plan isn’t set up. These unwanted heirs include the Federal Estate Tax, State Inheritance Tax, Estate Administrative Costs, and Income Tax to beneficiaries.
Fortunately, at Financial Risk Management Inc we have a wealth of knowledge in the area of estate planning and asset positioning to transfer assets to beneficiaries in the most tax efficient manner. You’ll find that we have the answers to these and many other questions: