Your Wealth Manager
As we work together through the years ahead, you’ll encounter certain changes and transitions in your life that may require assistance. Fortunately, we can help connect you with experienced professionals to not only assist you in planning for specific events, circumstances and needs, but also help you manage them once they occur. Other community professionals include:
- Real estate
- Home healthcare
- Assisted living communities
- Family and caregiver support
- Hospice and palliative care
- Funeral planning
There are many legal matters that must be considered in the financial planning process. That is why working with your attorney is of utmost importance. Some matters we’ll work through may include:
- Property titling considerations
- Estate plan document review
- Gifting strategies
- Incapacity planning
- Intra-family and other business transfers
As you age, an attorney with expertise in elder law will also be of importance to help you with issues unique to senior living.
Philanthropy can bring personal satisfaction, enabling you to support causes and organizations that matter most to you. It can result in significant tax advantages as well – including income tax deductions, reduction of capital gains taxes, and lower estate taxes. Working with charitable giving specialists, we can help tailor a charitable giving plan for you that can include one or more of the following forms:
- Outright gifts
- Will or trust bequests and beneficiary designations
- Charitable trusts
- Private family foundation
- Community foundation
- Donor-advised funds
We take a tax-sensitive approach to financial planning and are prepared to work with your other professional advisors – accountants, tax attorneys – to help minimize the impact of taxes. By working with your professionals to develop and implement strategies to lessen or shift current and future tax liabilities, we can improve your prospects for meeting your financial objectives. Prudent tax planning can play a large role in the amount of wealth you will be able to someday transfer to your heirs.
Changes in tax laws or regulations may occur at any time and as financial advisors of Raymond James, we do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.