One area of financial planning which can be crucial to preservation of assets is estate planning. Many people are not aware of the tremendous impact estate taxes will have on the amount their heirs will inherit. They also do not realize that the taxable threshold can be reached rather quickly with life insurance and other assets.
Smith, Brown & Groover, Inc. can help people make sound financial decisions in the area of estate planning to help them preserve their hard earned assets. By doing sound estate planning, like maximizing the unified federal estate and gift tax credit of each spouse through the use of a trust and a complex Will, substantial tax savings can be achieved. We advise people on how to structure their assets to minimize their estate taxes.