Why Estate Planning Matters
Thoughtful tax planning is vital for any wealth-management strategy. Advance tax planning can provide benefits year to year that add up to a significant impact on your financial future. TriCord Advisors invests in a tax advantaged way, as well as works closely with your CPA to create a customized tax efficient plan.
Risk Management
Death and disability are difficult topics to consider. However, the truth is that your family’s life will be forever changed if and when something happens to you. Left unplanned
and unexamined, those changes could be financially and personally devastating to your loved ones. Let the internal
Balance Wealth team identify potential risks and guide your
conversations with attorneys.
Legacy Planning
Beyond legal documents, you need a clear plan for how to manage
your wealth today, how to distribute your estate after your death, and how to pass on your core values and life lessons to the next generation. We want to minimize the administrative hardship for your loved ones and maximize the value that’s passed on beyond yourself to change lives and do good.
Wealth Transfer Strategies
Transferring wealth from an estate to a beneficiary can be a
complex, expensive, and lengthy process. Many legacy plans
rely on strategies designed to lower the tax burden on your
heirs and leverage gifting opportunities during your lifetime.
Our internal WealthSource team will work alongside your
attorneys to help ensure that your wishes for your family and
assets are captured accurately.
Impact Planning
Giving back isn’t just for the ultra-wealthy. Philanthropy at any level can add meaning to life, teach the next generation about the importance of aligning values with giving, and change the world for the better.
• Gifting money to charities
• Donor-advised funds
• Employer matching gift programs
• Impact investing
