4 Ways Tobin & Collins Can Help with Estate Planning
When it comes to estate planning, there are a lot of things to think about. Do you have a Will? What happens to your property and assets when you pass? How can you make sure your loved ones are taken care of after you’re gone?
At Tobin & Collins, we understand how overwhelming the process can be to manage on your own. To help ease your stress and give you peace of mind, we’re here to help answer your questions, provide valuable information, and help draft your estate plan. Our team of financial advisors are skilled in CPA estate planning and can help you create a plan that is tailored specifically to your needs and goals.
Read on to learn how we can help you financially prepare and safeguard your estate.
Retirement Planning
When it comes to estate planning, one area to not overlook is retirement planning. Tobin & Collins’ financial advisors can help you decide which type of retirement account is best for your specific situation and financial goals. We’ll walk you through the benefits of 401(k)s, Roth IRAs, and other retirement accounts and ensure you’re on the right track to financial success.
Naming Beneficiaries
Estate plans typically deal with numerous types of financial accounts, such as retirement accounts, investment accounts, and insurance policies. We’ll help you determine who is the best fit to be the beneficiary on these accounts and ensure the information is up to date. This is an important decision that should not be taken lightly, so it’s best to identify the right person to handle your assets when necessary.
Gifting Assets
One way to reduce the size of your estate is by gifting assets while you’re alive. Tobin & Collins can help you determine which assets to gift and how to do so in a way that benefits both you and the recipient. We’ll also help you navigate the tax implications of gifting assets.
Planning for Long-Term Care
Many people don’t like to think about the possibility that they may need long-term care, but it’s an important part of estate planning. Tobin & Collins can help you plan for long-term care and its financial implications. That way, when you’re older, you’ll be prepared to make the any health-related payments.
Plan Your Estate with Tobin & Collins
If you don’t have an estate plan, now is the time to get one. Tobin & Collins can help you create an estate plan that is tailored to your unique requirements. Contact us today to learn more about how we can help you with your estate planning needs.
