Anselmo & Company L.L.C.

Wealth & Estate Planning

Wealth Planning entails both Financial & Estate Planning, by blending processes of protecting and distributing your wealth.

A Will Is Not Enough

Of course, even the simplest of Wills is better than no plan at all. In order to have a truly effective estate plan, you need more than just a Will. Not only does a Will fall short in each of the above categories, it also does nothing to protect the financial interests of your loved ones as they go on to live their lives. Lastly, a Will does not capture and pass on your memories, your family history, or any part of your legacy that is more than merely financial.

When it comes to planning for what will happen after your death—and even what will happen during your lifetime, if you become disabled—there is so much more to take care of than simply doling out your possessions. What else should an estate plan do for you?

When we talk to our clients, they voice five main concerns that they’d like to address through the estate planning process:

  1. Passing on their hard-earned wealth to their heirs without court involvement, and without a large percentage being taken out in the form of attorney’s fees
  2. Avoiding unnecessary taxes, not only during their lifetimes, but also during their heirs’ lifetimes
  3. Avoiding the loss of their nest egg to the high cost of a nursing home or assisted living facility
  4. Protecting not only their estate, but also their loved ones, from creditors and predators after they’re gone
  5. Passing on wisdom, values, and life lessons to their children, grandchildren, and the generations that follow

The Accumulation Phase

The accumulation phase includes developing and monitoring a personalized plan which looks at your various needs and goals.

  • Risk Assessments
  • Cash Flow Planning
  • Asset Allocation
  • Stocks & Bonds
  • Mutual Funds
  • Annuities
  • REITs
  • IRAs / Pensions / 401(K)
  • Retirement Planning
  • Tax Planning

For Financial Planning services, please visit our company Brookside Financial Advisors, LLC.
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The Protection Phase

Without proper protection, your hard earned savings can be quickly diminished by your disability, health care costs, long-term care, litigants, creditors and taxes. Protecting your wealth and protecting your ability to earn more income are factors that are unfortunately often overlooked. Protection may be provided through various mechanisms.

  • Titling of Assets
  • Trusts
  • Life Insurance
  • Disability Insurance
  • Long-Term Care Insurance
  • Family Limited Partnerships
  • Nursing Home Protection

The Distribution Phase

The eventual distribution of your wealth can take various forms. Through proper planning, along with the appropriate legal devises, you can distribute your property to yourself and your loved ones, while potentially avoiding estate taxes and the frustrations caused by an unorganized estate.

  • Living Trusts
  • Wills
  • Gifting
  • Power of Attorneys
  • Life Insurance Trusts
  • Children’s Trusts
  • Living Wills
  • Probate
  • Family Limited Partnerships
  • Tax Returns