Whether your goal is to leave a legacy behind for your family, or favorite charity, provide for a family member with special needs, protect your assets, or successfully transfer the family business to the next generation, at Finivi we approach your wealth transfer and estate planning needs with creativity, sophistication and care.
What is Estate Planning?
Ensuring Your Assets Pass to Intended Beneficiaries
It’s a process that includes making choices about how your estate and personal affairs will be administered in the event of your death or disability. It also includes naming a guardian for your minor children.
Minimizing Income & Estate Taxes
It’s deciding how and to whom you would like your assets distributed, while also incorporating strategies to
minimize the impact of income taxes, estate taxes and other estate settlement costs on the value of your estate.
Being Remembered the Way You Would Want to Be
It’s about being remembered the way you would want to be by leaving a legacy to your loved ones and/or favorite charity that reflects your wishes and gives purpose and meaning to what you have accomplished in life.
Being part of a blended family that brings together children and assets from a previous marriage often presents additional planning challenges. Traditional estate plans may not adequately address the specific needs unique to a blended family. They require you to give careful thought to your planning objectives, recognizing potential conflicts, and understanding the implications of various planning decisions on your loved ones.
Balancing the needs of each family member, which may include children from both a current and a previous marriage, as well as your spouse, can be addressed with a variety of customized estate planning strategies.
Ensuring your bitcoin and other cryptocurrencies are not lost upon your passing can take some careful and specialized planning. In addition to incorporating your crypto assets into your overall estate and trust planning, you need to also consider what would happen to your crypto holdings if you became incapacitated.
As specialists in the cryptocurrency space, our advisors can assist you and your attorney in creating crypto asset security and transfer strategies based on your specific holdings, objectives, and transfer plans.
A Team Based Approach
As a key member of your Estate Planning Team, we work with you and your tax and legal advisors to help determine which estate planning strategies are best suited for your specific situation. Through this team approach, we can help you design and implement a comprehensive estate and wealth transfer plan that will help preserve your hard-earned assets while enhancing and protecting your family's future for generations to come.
Getting started begins with a candid conversation about your estate transfer objectives and concerns.
Bitcoin’s value has ranged from less than a penny to nearly $20,000 since its inception a little over ten years ago now. Within the last year alone, bitcoin’s value has fallen from $11,000 to a low of around $3,500. Many other digital currencies and tokens, which are referred to as “ALT coins” have seen their…
Matthew Mellon, a cryptocurrency multimillionaire, died unexpectedly in April at age 54. When he did, he took $500 million in Ripple (XRP) with him because he didn’t leave anyone the codes to his cold wallets. There is no central party Mellon’s heirs can approach to recover his holdings. No account statements they can use to…
You know you need to do some estate planning to properly protect yourself, your assets, and your loved ones. But is your plan complete, or did you leave a few key assets out of those documents by mistake? Most people are unaware that retirement accounts are an important estate plan component. Fewer still understand the…
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Going through a divorce is a major life change, but it can also be a fresh start that allows you to look forward to new opportunities and to set and plan your own priorities. One of those opportunities is re-defining your future estate distribution plans while also ensuring you will be remembered the way you…