Wealth Transfer Planning
At Conry Financial Services, we combine our 53 years of professional experience with a keen understanding of our client’s goals and objectives and take pride in developing unique, safe, time-tested strategies to help seniors meet their financial goals. Wealth Transfer Planning is only one of the strategies used in our planning process.
Wealth Transfer Planning
Certain assets which you plan to pass to your heirs, or other beneficiaries, may be subject to income taxes, as well as other taxes, at your death. In the absence of proper planning, this heavy taxation will significantly erode a portion of the asset’s value. In some cases, the IRS could inherit more of the asset than your intended beneficiaries.
Wealth Transfer Planning is a strategy that may enable you to preserve most, and in some cases all, of the assets you have worked a lifetime to acquire. Wealth Transfer Planning is typically indicated where tax deferred vehicles are used to grow money during your lifetime, and are earmarked to pass to your children and/or grandchildren, but will not be needed for income or emergencies. Such assets may include;
- Annuities
- IRA’s
- CD’s
- Stocks and Bonds
- Savings Accounts