Estate Planning
Preparing Your Future Legacy
Estate and Charitable Giving Planning
Estate and charitable giving planning are intricately intertwined in that they both address how your assets will be distributed.
The highest priorities of most people often include providing for their families and supporting charitable causes they believe in. Prudent estate and charitable giving plans can help you accomplish both.
What is estate planning?
Estate planning is essential for distributing your wealth in life and after death.
It allows you to preserve your family values and ensure that your assets benefit the people and charitable causes in accordance with your wishes. Estate planning provides certainty and control over all you’ve worked for and accumulated during your lifetime. Our team, along with knowledgeable attorneys, can assist in creating or managing your estate plan.
Why should I tell my financial advisor about my estate plan?
The Fries Financial Group and Raymond James embrace estate planning as an essential component of a comprehensive financial plan and the foundation of financial planning. When stock brokerages solely focused on selling stocks during the 1960s, founder Bob James made sure his clients understood the importance of preserving their wealth, assets and investments for their loved ones.
Estate Planning Considerations
Fries Financial Group works with your attorney to tailor an estate plan that honors your legacy. Together we’ll consider a wide range of factors, including:
Wills
Trusts
Power of Attorney
Durable (financial)
Healthcare
Designating a Beneficiary
401(k) accounts
IRAs
Bank accounts
Life insurance policies
Pensions
Annuities
Real estate*
Brokerage accounts
HIPPA Authorization
Living Will
*18 states allow transfer-on-death deeds or their equivalents: Arizona, Arkansas, Colorado, Hawaii, Illinois, Indiana, Kansas, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Wisconsin.
Important Information About Procedures for Opening a New Account:
To help the government fight the funding of terrorism and money laundering activities, the USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person (including business entities) who opens an account.
What This Means to You:
When you open an account, we will ask for your name, physical address, date of birth, taxpayer identification number, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. We will let you know if additional information is required.
