Minimizing Estate Tax

Estate Planning

Experience tells us there is nothing more critical than planning for the future, safeguarding assets and making sure loved ones are cared for in time of need. We can help you sort through your many estate planning options and chart a secure path for your finances.

Estate planning is a process that involves family, respected advisors, and in many cases, charitable organizations of your choice. It also involves your assets and all the various forms of ownership and title that those assets take. Estate planning can even play an important role in your welfare and needs, by helping to plan for your heath care if you are no longer able to care for yourself.

There are various tools used in estate planning including:

• Wills
• Trusts
• Beneficiary designations
• Powers of appointment
• Powers of attorney

Distribution Planning

Stretch IRA

Once distributions from an IRA begin, the funds are intended to be distributed to the owner over his or her lifetime. That date can be extended by naming a successor beneficiary to the original beneficiary via a Stretch IRA.

Required Minimum Distributions (RMDs)

A Required Minimum Distribution is the minimum amount the IRS requires you to withdraw from your retirement accounts annually beginning in the year you turn 70 ½. 

Strategies

Life Insurance

Life insurance pays a specified sum of money to a designated beneficiary upon the death of the insured. Life insurance products include both term and permanent forms of insurance. Integrity Advisors can show you which product is most appropriate for your situation.

Succession Planning

Succession planning ensures that the business continues upon the death or permanent disability of the owner. Integrity Advisors works with its clients to develop and implement effective succession strategies.