Estate Planning Services
Preserve Your Legacy
Preserving Your Legacy with Comprehensive Estate Planning Services
In our approach to estate planning, we strive to transcend the conventional by creating strategies that incorporate your goals regarding financial legacy and future security for your loved ones.
We tailor our guidance with the goal of reflecting your specific desires, from establishing a solid foundation for future generations, transitioning into a well-planned retirement, to safeguarding assets for your heirs.
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“We have been clients of Jeremy and the Riverbend team for over two years. We continue to be very impressed with the financial planning expertise and customer service provided by Riverbend…”
– John Houck
“We met with Jeremy today for a free consultation. He is awesome! Gave us some great short-term and long-term advice on retirement planning. No sales pitches or pressure to use their services. We really felt like he just wanted to help us. Highly recommend!”
– Jean Hiers
“I highly recommend Jeremy & his team at Riverbend Wealth Management. This team is honest and conduct business built on integrity and a high level of customer service.”
– Daniel Grossi
Nurturing Your Legacy with Strategic Estate Planning
We believe a customized estate planning strategy can help you feel more confident about your future. Our focus may not only help fortify your wealth but also reaffirm a legacy that resonates deeply with your life’s key moments and future aspirations.
Our approach helps elevate estate planning beyond simple asset safeguarding; we strive to devise a robust legacy strategy that nurtures your current ambitions while helping you create lasting prosperity.
Core Values of Riverbend Estate Planning
Personalized Estate Plans
We can work with other professionals, such as attorneys, accountants and/or tax professionals to create an estate plan around your individual objectives, risk considerations, and timelines for your legacy.
Diversifying Assets for Legacy Resilience
Strategically allocating assets in an effort to mitigate taxes, reduce risk, and seize opportunities in changing market conditions while striving to facilitate your legacy’s growth.
Adapting Strategies for Life's Changes
Staying adaptable, modifying estate plans in response to changes in your life and changes in tax law, designed to keep your legacy aligned with your vision.
Emphasizing a Long-Term View
Adhering to a long-term outlook and disciplined approach in legacy planning will help to steer clear of impulsive decisions influenced by fleeting market trends.
Transparent, Informed Legacy Planning Guidance
Providing clear, direct advice and keeping you informed about how each decision impacts your broader estate strategy, providing clarity and confidence in your legacy’s direction.
Coordinated Services For A
Comprehensive Estate Plan
We can work with various estate planning service providers, like attorneys, accountants, and tax professionals, to help you develop a comprehensive estate plan. These coordinated services may include:
Will
Creation
Crafting and regularly updating a will gives you control over how your assets are distributed according to your wishes.
Trust Establishement
Establishing trusts can help manage and protect your assets, offering control over how your estate is distributed.
Healthcare Directives
Creating healthcare directives lists your medical care preferences so they can be respected.
Power of Attorney
Assign financial power of attorney to allow management of your financial affairs if you’re unable to do so.
Guardianship Designations
Selecting guardians so loved ones are cared for by someone who aligns with your parenting values and beliefs.
Beneficiary Designations
Beneficiary designations on accounts like life insurance and retirement plans helps your assets transfer smoothly.
Estate Tax Planning
Strategic planning can help minimize potential estate taxes and can help maximize the value of your estate.
Charitable Giving
Incorporating charitable giving into your estate plan can help fulfill philanthropic goals, contributing to your legacy.
Succession Planning
A clear succession plan allows for the smooth transition of ownership and may help minimize disruption to the business.
Beneficiary Assistance
We help advise the beneficiaries after the death with information that we have to help guide them.
This content is not intended as legal or tax advice. Riverbend Wealth Management does not provide legal or tax advice. Please consult a legal or tax professional for specific information regarding your individual situation.
Estate Planning for Every Financial Vision
Our proficiency in coordinating to develop your estate planning lies in tailoring strategies that not only aim to fulfill your specific legacy aspirations but also adapt to the changing contours of your life and legal landscape. Whether you’re establishing a foundation for future generations, transitioning to a well-deserved retirement, or safeguarding a legacy, our knowledge is at your disposal, helping to transform visions into enduring realities.
Preserving Your Business Legacy
For entrepreneurs, we collaborate with you, your family, and your legal counsel to develop innovative strategies designed to safeguard your personal financial legacy while fortifying your business’s future. Our approach helps align your business objectives with your broader financial goals, providing a comprehensive solution for your unique needs.
Navigating a Designed Path to Retirement
As retirement nears, strategic estate planning becomes increasingly essential. We facilitate estate planning strategies that seek to balance asset preservation with legacy growth and helping to prepare you for the future you’ve envisioned.
Elevating Retirement Through Thoughtful Estate Planning
Retirement should be a time of ease, free from financial concerns. Our approach strives toward a smooth distribution of your estate and achieving effective management of your assets designed to support the lifestyle you’re aspired to and diligently prepared for.
Why Choose Us
Our advisors bring more than experience; they bring genuine understanding and tailored support, designed to deeply respect and address all aspects of your unique legacy aspirations, goals, and concerns. Moving past the standard practices of wealth management and estate guidance, we engage with you often and over time and are dedicated to diligently sculpting your enduring legacy with precision and care.
Fiduciary
As investment advisory professionals, we are fiduciaries and, as such, we are required to put the interests of our clients ahead of our own.
Fee-Only
We are paid directly by you and do not receive commissions.
Experienced
Our team, is led by Jeremy Finger a CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Investment Management Analyst (CIMA®). Jeremy Finger has decades of combined experience helping clients achieve their financial goals.
Customization
We believe every person is unique and deserves a tailored plan that matches their specific needs and objectives.
Relationship
We utilize Fidelity as our custodian and have access to some of their resources as part of that relationship.
Let Us Help You Shape and Work Toward Preserving Your Legacy
Let your legacy aspirations meet their advocate. Connect with Riverbend Wealth Management and discover how our estate planning services can transform your vision for the future. Together, let us work toward achieving the legacy you desire.
Frequently Asked Questions
What is estate planning?
Estate planning is the process of organizing and managing your assets to help ensure they are distributed according to your wishes upon your death or incapacitation. It involves creating legal documents like wills, trusts, healthcare directives, and powers of attorney to protect your estate and minimize estate taxes, with the goal of providing for your loved ones. This strategic planning also encompasses the management of your financial and health care decisions, with the goal of preserving your legacy and achieving security for your family’s future.
Comprehensive estate planning usually requires the coordinated efforts of attorneys, who usually create legal documents, tax professionals, who develop tax strategies, and financial advisors, who base their financial and investment aspects of the estate plan on legal and tax strategies.
What are the costs associated with estate planning?
The costs associated with estate planning can vary widely depending on the complexity of the estate, the type of planning instruments used, and the professional fees of attorneys or financial advisors. Basic estate planning, including drafting a will and healthcare directives, may cost from a few hundred to a few thousand dollars. More comprehensive estate plans, involving trusts, business succession plans, and tax planning, can cost several thousand dollars. Additionally, there may be ongoing costs for managing trusts or updating documents as life circumstances change. It’s important to consult with an estate planning professional to understand the specific costs based on your unique estate planning needs.
What are the seven steps in the estate planning process?
- Inventory of Assets: Compile a comprehensive list of your assets, including real estate, investments, retirement accounts, insurance policies, and personal possessions.
- Determination of Goals: Define what you aim to achieve with your estate plan, such as asset protection, minimizing taxes, providing for loved ones, or supporting charitable causes.
- Identification of Beneficiaries: Decide who will inherit your assets. Beneficiaries can include family members, friends, charities, or institutions.
- Selection of Estate Planning Tools: Choose the appropriate instruments for your estate plan, such as wills, trusts, healthcare directives, and powers of attorney, based on your goals and assets.
- Creation of Legal Documents: Work with an estate planning attorney to draft the necessary documents that reflect your wishes and comply with state laws.
- Review of Beneficiary Designations: Ensure that beneficiary designations on life insurance policies, retirement accounts, and other financial products align with your estate planning objectives.
- Regular Review and Updates: Periodically review and update your estate plan to reflect changes in your life circumstances, asset portfolio, and legal regulations.
What are the negatives to a trust vs will?
Trusts and wills are both essential elements of estate planning, but they come with different considerations. The negatives of choosing a trust over a will include:
- Complexity: Trusts can be more complex to set up and manage compared to wills, requiring a detailed understanding of legal and financial principles.
- Cost: Establishing a trust typically incurs higher upfront costs for drafting and funding compared to creating a will. Ongoing management fees for a trust, especially if managed by a financial institution or attorney, can also accumulate over time.
- Privacy Concerns: While a trust offers more privacy than a will, as it does not go through the public probate process, the initial transfer of assets into the trust can require disclosure of information some might prefer to keep private.
- Maintenance: Trusts require active management and the re-titling of assets to ensure the trust is properly funded, which can be an ongoing administrative burden.
- Overkill for Simple Estates: For individuals with straightforward estate planning needs, a trust may offer more complexity and cost than is warranted, making a will a simpler and more cost-effective option.
Riverbend Wealth Management does not provide legal advice. You should consult your legal advisors before implementing any transactions and/or strategies concerning your finances.
Frequently Asked Questions
Estate planning is the process of organizing and managing your assets to help ensure they are distributed according to your wishes upon your death or incapacitation. It involves creating legal documents like wills, trusts, healthcare directives, and powers of attorney to protect your estate and minimize estate taxes, with the goal of providing for your loved ones. This strategic planning also encompasses the management of your financial and health care decisions, with the goal of preserving your legacy and achieving security for your family’s future.
Comprehensive estate planning usually requires the coordinated efforts of attorneys, who usually create legal documents, tax professionals, who develop tax strategies, and financial advisors, who base their financial and investment aspects of the estate plan on legal and tax strategies.
The costs associated with estate planning can vary widely depending on the complexity of the estate, the type of planning instruments used, and the professional fees of attorneys or financial advisors. Basic estate planning, including drafting a will and healthcare directives, may cost from a few hundred to a few thousand dollars. More comprehensive estate plans, involving trusts, business succession plans, and tax planning, can cost several thousand dollars. Additionally, there may be ongoing costs for managing trusts or updating documents as life circumstances change. It’s important to consult with an estate planning professional to understand the specific costs based on your unique estate planning needs.
- Inventory of Assets: Compile a comprehensive list of your assets, including real estate, investments, retirement accounts, insurance policies, and personal possessions.
- Determination of Goals: Define what you aim to achieve with your estate plan, such as asset protection, minimizing taxes, providing for loved ones, or supporting charitable causes.
- Identification of Beneficiaries: Decide who will inherit your assets. Beneficiaries can include family members, friends, charities, or institutions.
- Selection of Estate Planning Tools: Choose the appropriate instruments for your estate plan, such as wills, trusts, healthcare directives, and powers of attorney, based on your goals and assets.
- Creation of Legal Documents: Work with an estate planning attorney to draft the necessary documents that reflect your wishes and comply with state laws.
- Review of Beneficiary Designations: Ensure that beneficiary designations on life insurance policies, retirement accounts, and other financial products align with your estate planning objectives.
- Regular Review and Updates: Periodically review and update your estate plan to reflect changes in your life circumstances, asset portfolio, and legal regulations.
Trusts and wills are both essential elements of estate planning, but they come with different considerations. The negatives of choosing a trust over a will include:
- Complexity: Trusts can be more complex to set up and manage compared to wills, requiring a detailed understanding of legal and financial principles.
- Cost: Establishing a trust typically incurs higher upfront costs for drafting and funding compared to creating a will. Ongoing management fees for a trust, especially if managed by a financial institution or attorney, can also accumulate over time.
- Privacy Concerns: While a trust offers more privacy than a will, as it does not go through the public probate process, the initial transfer of assets into the trust can require disclosure of information some might prefer to keep private.
- Maintenance: Trusts require active management and the re-titling of assets to ensure the trust is properly funded, which can be an ongoing administrative burden.
- Overkill for Simple Estates: For individuals with straightforward estate planning needs, a trust may offer more complexity and cost than is warranted, making a will a simpler and more cost-effective option.
Riverbend Wealth Management does not provide legal advice. You should consult your legal advisors before implementing any transactions and/or strategies concerning your finances.
