ESTATE AND FINANCIAL PLANNING WHAT IS ESTATE PLANNING

ESTATE AND FINANCIAL PLANNING

WHAT IS ESTATE PLANNING? ACCUMULATION n CONSERVATION n DISTRIBUTION n of assets in such a way that your financial goals are satisfied.

WHAT IS A FINANCIAL PLAN? The establishment and maintenance of a program for the accumulation of assets, both tangible and intangible, and their use in providing an income upon the occurrence of certain events

WHAT IS AN ESTATE PLAN? The establishment and maintenance of a program for the preservation of assets and their ultimate disposal to your intended beneficiaries in accordance with your wishes

IMPORTANT Without proper planning, your goals, objectives and/or income requirements may not be met

WHY PLAN? For every 100 people starting their careers, the following situation exists at age 65 25 have died n 19 have annual incomes under $10, 000 n 49 have annual incomes between $10, 000 and $35, 000 n 7 have annual incomes over $35, 000 n

SUCCESSFUL FINANCIAL PLANNING Set and prioritize goals n Analyze your financial position n Design and initiate a plan of action n Review and update regularly n

TYPES OF ASSETS WE ACCUMULATE Personal assets n Investments n Business interests n

WHAT WILL THESE ASSETS PROVIDE FOR YOUR FAMILY AT: Death? n Disability? n Retirement? n

ESTATE CONSERVATION What does it mean? Ensures that your family will benefit from the full value of your estate.

ESTATE DISTRIBUTION During your lifetime you will accumulate various types of assets n It is very important to consider to whom these assets will pass under the terms of your will and/or business agreement n

ACCUMULATION CONSERVATION DISTRIBUTION

I want to assist you in planning to achieve your estate and financial goals!