Estate Planning

The purpose of estate planning is to help individuals transfer wealth to their intended beneficiaries in a logical, orderly and tax-advantages way. Within this Pappas Financial division, we help clients develop their plan, educate them on ways to reduce estate taxes, and ultimately provide a plan to help pay the taxes.

While most successful individuals understand the effort involved in creating and maintaining personal wealth, many fail to recognize the importance of wealth transfer planning. Prior to an individual’s death, it is extremely important to have documents in place that will determine the ultimate distribution of their estate assets. There are only three places these assets can go: to their family, to charity or other designated beneficiaries, or to the government. Without proper planning, the government can inadvertently become your primary beneficiary, taking more than half your estate in the form of taxes.

With Pappas Estate and Wealth Transfer Planning, we help our clients to, first, develop a wealth transfer strategy, and second, establish the plan to achieve it. A good plan consists of strategies to efficiently facilitate asset distribution, tax reduction, and tax payment. We work to educate our clients on all the tools available to them, from the most basic (simple wills and trusts, proper titling of assets, tax-free gifting limits) to the more sophisticated (Family Limited Partnerships, Limited Liability Companies, Grantor Retained Annuity or Unit Trusts, Generation Skipping Dynasty Trusts, Defective Grantor Trusts, Multi-Generational IRA’s). Depending on the size and nature of an individual estate, charitable planning can often play a key role. We help clients find the best ways to leverage their charitable gifts to maximize their legacies.

With sensitivities to considerations involved in wealth transfer planning, Pappas Financial works closely with our clients, their families and their key advisors to thoroughly understand each situation and meet all objectives. Through diligence and personal concern, each individual client is assured ongoing protection and peace of mind.