Estate Planning Essentials
- November 18, 2021
An estate plan is essential to every financial strategy. Having a basic understanding of estate planning can benefit both you and your family. It should allow you to leave a larger legacy, help reduce your transfer taxes and possibly avoid disinheritance. There are many components to an estate plan, and most often creating a will is the first step. Although a will is a great place to start, there is more to estate planning than deciding how to distribute assets among heirs. Your estate plan should also ensure that your family members and/or caregivers are provided with the proper instructions on how to care for you during temporary or permanent incapacity.
It is estimated that $30 trillion will pass from boomers to millennials over the next 30 years. You should inform your family of all the assets you own, or else they may never find out
JUSTIN GELBMAN, CFP®
Title:FINANCIAL ADVISOR, MANAGING DIRECTOR-INVESTMENTS
Justin is a Managing Director – Investments in The Princeton Sharpe Group of Oppenheimer & Co. Inc. He began his career in 2005, helping serve clients’ investment needs by utilizing the vast resources of a national boutique, while maintaining a local focus. He prides himself on truly understanding the group’s clients. He has a great deal of experience working with multi-generational client families, establishing college savings plans, devising retirement strategies to not outlive their income, and working to build estate plans.