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Tax, Investment, & Planning Opportunities in 2018

LBA Haynes Strand works with our partners at HK Financial Services to provide wealth management planning strategies for our clients. Last week, LBA Haynes Strand and HKFS presented an economic update webinar. We understand that life and schedules are extremely busy, so we wanted to provide a copy of the webinar for our clients and friends who may have missed the live showing.

In the video, our speakers, John Bly, Principal and CEO at LBA Haynes Strand, Ann McCorkindale, Partner Emeritus at HKFS, and Suzanne Tudor, Director of Financial Planning at HKFS, discuss volatility and opportunities in the global synchronized expansion.

They also review financial and estate planning under the new estate tax law.

Tax, Investment, and Planning Opportunities in 2018

We hope you found this video helpful. Please feel free to contact us with any follow-up questions that you may have. Our partners and financial advisors are ready to meet with you!

Estate Planning For The Wealthy and Not-So-Wealthy

Estate planning is important for both the wealthy and not-so-wealthy.  Even if your estate is not large enough to require payment of estate taxes at your death (for 2017, the estate tax lifetime exemption amount is $5,490,000), having the proper documents in place at your death can minimize the burden placed on your loved ones.  Consider the following items when devising an estate plan:

Create A Will

This is an important first step in the estate planning process.  Wills help you make sure your wishes are carried out with respect to distribution of property, and if you have minor children, a will can be used to designate a guardian or guardians.

Avoid Probate

Documents can be put into place that will eliminate the need for the costly and time-consuming probate process.  In preparing an estate plan, all assets should be examined to determine the best way to title the property so the assets will be distributed according to your wishes and to minimize the expense of the final distribution of your assets.

Where To Start

Your attorney and wealth management advisors (brokers, bankers, CPA, etc) can assist you in the estate planning process to ensure you have a plan in place that is optimal for you.

Whether you need to devise a new estate plan or update an existing plan, having the proper documents in place is the key to providing peace of mind for you and your family. Contact us today to learn more!

Introducing Guidance Planning Strategies (GPS) For Wealth Management

LBA Haynes Strand is proud to introduce a new financial planning program for all of our clients. The tool is called GPS which stands for guidance, planning, strategies, and is offered through our wealth management affiliate, HK Financial Services. It allows us to work with our clients to assess their current financial situation as well as project what it could look like in the future.

GPS is a powerful program and experience because clients can keep track of their financial information while being able to see their “financial life” on a screen through images, charts, and graphs. GPS helps us highlight and discuss questions such as:

  • When might I be able to retire?
  • Will we have enough money in retirement?
  • What could my cash flow be like at retirement?

We incorporate tax and financial planning into the process to make certain our clients’ plans are on track and managed efficiently for tax purposes.

If you are interested in learning more about our GPS program and discussing your financial future, do not hesitate to contact one of our office locations today!