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Wealth Management Deltona: Estate Planning Tips

Let’s talk about the importance of estate planning for high net worth wealth management Deltona!

If you possess more than $10 million in liquid assets and don’t have a proper estate plan in place, you need to consult with an expert. Estate planning is a critical aspect of wealth management Deltona – and it can be quite challenging for affluent individuals. In addition to the details being fairly complicated, it gets difficult to keep up with the ever-changing industry trends. Here’s how you can find an expert to help you with the whole process.

7 Secrets minified

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

Pillar Wealth Management is an industry leader when it comes to Deltona wealth management service. Our experts have 60+ years’ worth of combined experience working with high net worth and ultra high net worth individuals. If you have investable wealth worth $5 million to $500 million, you can ensure that your heirs’ inheritances remain protected by partnering with us. Let’s schedule a consultation now!

Table of Contents
Estate Planning for High Net Worth Individuals
The Importance of Hiring the Right Professional
Where to Find Wealth Management Deltona
How Much I Must Pay For Wealth Management in Deltona

Estate Planning for High Net Worth Individuals

As a high net worth individual, one of your biggest concerns must be to protect your family’s financial future. Your top goals must include protecting inheritances, avoiding probate, and minimizing estate taxes. You need to consider a lot of things, including tax laws and liabilities.

So, how do you navigate this complex process?

You can use this guide for planning your estate but most importantly, you must consult with an expert wealth manager to make sure you’re doing everything right.

Deltona best wealth management services will take care of your interests, reduce your estate tax burden, and help you avoid probate.

Wealth management Deltona

The Importance of Hiring the Right Professional

First and foremost, you need to hire a qualified and experienced professional who is right for you. There are several wealth managers out there who may be good at their job but unfortunately, they don’t act in the best interest of their clients. Their advice may be based on factors that offer them greater profits.

Keeping this in mind, you must look for a professional who prioritizes your needs, goals, and interests over everything else. The ideal wealth manager will be focused on reducing your costs and ensuring that your assets end up in the right hands. Taking a holistic approach, they will ensure that your portfolio is optimized without being exposed to unnecessary risks. You can learn about high net worth portfolio optimization in detail in our guide here.

Make sure you do your research before trusting anyone with your estate planning. Don’t be afraid to interview multiple experts, ask questions, and discover their approach to wealth management Deltona. Share your estate planning needs and goals with them and see how they plan on helping you out.

Contact us to find out how Pillar Wealth Management experts work with clients to meet their estate planning needs.

Ideally, your wealth manager must focus primarily on the following things.

  1. Minimizing Your Estate Taxes

As an affluent individual, you must be looking forward to living peacefully in retirement and leaving a significant portion of your wealth to your loved ones after you die. These goals might not seem far-fetched considering the amount of wealth you’ve managed to amass over the years. However, there are taxes to consider. If you don’t have a proper plan to handle estate taxes, they will likely deplete your wealth in no time.

You must consider the following tax scenarios for creating a solid estate plan.

– Income taxes

– Estate taxes

– Gift taxes

– Generation-skipping taxes

Estate, gift, and generation-skipping taxes fall into the category of wealth transfer taxes. For each type, federal taxes are 40% of the value of the asset under measurement. While some states also charge estate taxes, Florida doesn’t impose any.

Click here to access our exclusive book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.

  1. Planning for Incapacitation

As a high net worth individual with specific estate planning goals, you must be prepared for a situation where you may become incapacitated because of an accident, illness, or aging. In such a case, you’d want to guarantee that your dependents are taken care of and your estate is managed in an orderly manner.

Deltona best wealth management services can work with you to create a smart incapacitation plan and ensure that all your goals are achieved.

  1. Avoiding Probate

Working with the best Deltona wealth management service means that your wealth manager may work with your attorney to help you avoid probate. Their ultimate goal is to save you time and money.

To accomplish this goal, you should consider going for a living trust instead of a traditional will. This way, you can bypass probate since not everything will be in your name, yet you will still have control over your assets until you die.

For expert guidance on this topic, you must read our exclusive guide on finding the best wealth manager for your estate planning needs here.

Where to Find Wealth Management Deltona

Wondering where to find wealth management Deltona experts?

Pillar Wealth Management is a one-stop place for all your estate planning needs. Our experts are well-equipped with the knowledge, tools, and resources required to protect your loved ones’ inheritances and reduce your estate tax burden.

Before you start working with us, you must understand that portfolio performance and financial security go hand in hand. The key to creating the financial legacy you desire is to invest in strategies that help grow your wealth. Additionally, you must make five critical mindset shifts to achieve financial serenity in the long run. You can learn everything about this in our guide here.

Book a no-obligation consultation with us today to discuss your estate planning needs and goals in detail.

How Much I Must Pay For Wealth Management in Deltona

At Pillar Wealth Management, we offer fair pricing and a transparent fee structure to all our high net worth and ultra high net worth clients. You will have to pay a fixed annual fee with no hidden charges. Get in touch with us today so we can explain our cost structure to you in detail.

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