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Inheritance Planning

<strong>The Great Wealth Transfer is Coming</strong>

The Great Wealth Transfer is Coming

When you inherit, you risk receiving less than you were meant to unless you work with a professional to plan. It is critical to understand the best way to receive and invest inherited assets.   We can also assist as you engage with the people in your life who will be leaving you their legacy to ensure that their wishes are fully carried out.

Over the next 30 years, a wealth transfer of nearly $58 trillion is expected to change hands from baby boomers to younger generations in the form of inheritance, according to a recent study from the Boston College Center on Wealth and Philanthropy.

There are many complexities on both sides- inheriting and leaving an inheritance that are important to understand. Especially if you or your loved ones live in these states: Connecticut, Hawaii, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.

We have CERTIFIED FINANICAL PLANNERTM professionals and Certified Investment Management Analysts ® on our team who present Tax Strategies and Estate Planning courses.  A Financial Advisor can help you plan for:

Estate Tax
(State and Federal)

Do you know that 13 states have their own estate tax system?


Six states have inheritance tax- and Maryland has BOTH estate and inheritance tax

Taxation of inherited IRAs/401ks

(and benefits of Roth accounts)

How does the non-spousal 10-year rule affect these asset transfers?

Use of trusts and other strategies in estate planning

Stepped-Up basis for capital assets like stock and real estate

Gifting Strategies