Estate planning can be a challenging process that requires different approaches for different individuals and families. The details of each can vary widely based on the amount of wealth and assets and how they are to be distributed. For this reason, it is important to learn about the essentials of estate planning to gain a better understanding of how the process can work for you.

In this complimentary webinar, Daniel Yoo, CFP®, CEPA® and Michael Maglieri  from PBMares Wealth Management team provide an overview of this comprehensive estate planning tool, identifying key considerations to make in the planning process, and much more.

Contact us today and let’s begin the discussion about your Family Love Letter.

The COVID-19 pandemic served as a stark reminder of how the unexpected can quickly shift our reality. The immense amount of change that happened seemingly overnight affected virtually every aspect of life. Beyond changes to daily living routines brought about by government orders, the fear of contracting COVID-19 and potentially dying was prominently on the minds of many as they navigated daily life. The unfortunate reality is that 600,000 people died from the virus. Thankfully, the vaccine has been a game-changer, but the pandemic caused many to contemplate end-of-life issues. What would happen if they suddenly became incapacitated or died? Who would handle the family business? How would assets and wealth be divided in a way that meets my desires?

These are the type of questions that are often left unaddressed because of the difficulty of contemplating one’s own death. In fact, the 2021 Wills and Estate Planning Study found that only 43% of individuals over 55 years of age have conducted formal estate planning. This is a very low number given how essential planning is to the orderly distribution of assets and wealth. Failure to conduct proper planning not only risks creating family conflict, cause the dissipation of assets, and even result in higher estate and income taxes.

For more information, contact us today by filling out the form at the top of this page. We look forward to hearing from you.

A video recording of this webinar is included on this page.