Estate Planning

Estate planning is a vital part of a complete financial strategy, regardless of your net worth. It's a critical component of comprehensive financial planning every client should consider. Your estate is comprised of everything you own; your car, home, other real estate, checking and savings accounts, investments, life insurance, and personal possessions. If you don't establish an intentional plan, your state's probate laws will dictate how your assets—including your home, investments, and personal belongings—are distributed. This default process can split your estate between your spouse and children in ways you didn't intend, potentially leaving your spouse with insufficient resources. 

Navigating the complexities of wealth transfer and legacy preservation can be challenging and often requires specialized knowledge. Baird Wealth Management, LLC by collaborating with the LPL Estate Planning Team's experienced estate planning attorneys, can offer our clients both simple and sophisticated strategies that minimize tax liabilities and align with their long-term goals.

Key Estate Planning Service Components:

• Review and Analysis of Existing Plans & Documents
  
• Estate Tax Calculation & Minimization Strategies
  
• Gifting & Charitable Planning Considerations
  
• Trust Review & Analysis Support
  
• Business Succession Integration
  
• Wealth Transfer Modeling
  
• Analysis of Strategies to Potentially Avoid Probate (e.g., Beneficiary Designations, Trusts)
  
• Guidance on Foundational Documents (Wills, Powers of Attorney)
  
• Basis Planning Analysis (e.g., step-up in basis for real estate)

Click the link below for a pdf of a Sample Estate Plan:

Sample Estate Plan