Wealth Transfer

Depending on the size of your estate, wealth transfer may involve much more than just spelling out in your will who gets your assets.  While this is an important start, there are many things that need to be considered, so it's important that you plan ahead and have all the proper documents in place.

From determining how you want your wealth distributed, to who should be your executor, to special considerations related to age and capacity of your heirs, your estate attorney can help you answer these challenging questions. However, meeting with your attorney and drafting documents may not be the only thing you need to do. It's important to take the next step and set up your investment accounts to be in line with your estate planning documents.

At Barker Financial, we can help by incorporating your wealth transfer decisions into your financial planning and showing you how they impact your overall wealth. If you have trusts or other considerations, we will work with you and your estate attorney to set up your accounts correctly to ensure your assets are transferred according to your wishes. We can also develop an investment management plan specific to each asset and its intended recipient.

Planning for the transfer of your wealth can be a challenging process. No one enjoys thinking about end of life decisions, but without proper planning, someone other that you may be deciding how your hard earned wealth gets distributed. The following articles are designed to give you more information on wealth transfer, however we encourage you to discuss your specific circumstances with a professional and give yourself peace of mind that your estate is in order.