We believe that estate planning
is more than just a pile
of old legal documents.

It is a comprehensive, dynamic, ongoing process that is meant to honor and celebrate your life. All too often, the estate planning conversation is limited to “Where do you want your money to go when you die?” Instead, the internal WealthSource team can help you craft a legacy, transition your wealth into the capable hands of the next generation, and do more good in the world.

Risk Management

Death and disability are difficult topics to consider. However, the truth is that your family’s life will be forever changed if and when something happens to you. Left unplanned and unexamined, those changes could be financially and personally devastating to your loved ones. Let the internal WealthSource team identify potential risks and guide your conversations with attorneys.

  • Durable Power of Attorney (Who can you trust with your finances?)
  • Medical Power of Attorney (Who can make medical decisions on your behalf?)
  • Will (What are your final wishes?)
  • Living Will (What are your wishes for medical care?)
  • Creditor protection (Is your estate protected from claims of beneficiaries’ creditors?)
  • Life insurance (How can you provide for your family after you pass?)
  • Disability and income protection (What will happen if you are unable to work?)
  • Long-term care insurance (How will you pay for specialized care and assistance?)
  • Specialty insurance for business owners (Have you considered liability coverage?)

Legacy Planning

Beyond legal documents, you need a clear plan for how to manage your wealth today, how to distribute your estate after your death, and how to pass on your core values and life lessons to the next generation. We want to minimize the administrative hardship for your loved ones and maximize the value that’s passed on beyond yourself to change lives and do good.

Wealth Transfer Strategies

Transferring wealth from an estate to a beneficiary can be a complex, expensive, and lengthy process. Many legacy plans rely on strategies designed to lower the tax burden on your heirs and leverage gifting opportunities during your lifetime. Our internal WealthSource team will work alongside your attorneys to help ensure that your wishes for your family and assets are captured accurately.

  • Revocable living trusts
  • Irrevocable trusts
  • Life insurance trusts
  • Charitable trusts
  • Special needs trusts
  • Gift tax planning
  • Crummey trusts
  • Generation-Skipping Trusts
  • Grantor-Retained Annuity Trusts

Impact Planning

Giving back isn’t just for the ultra-wealthy. Philanthropy at any level can add meaning to life, teach the next generation about the importance of aligning values with giving, and change the world for the better.

  • Gifting money to charities
  • Donor-advised funds
  • Employer matching gift programs
  • Impact investing

Let WealthSource guide your legacy planning

3255 Old Conejo Road, Suite 110 Thousand Oaks, CA 91320

747-212-3552 Meet Your Advisor

Since 2011, Carl has primarily focused his career on working with clients in the investment, banking, and financial planning industry to help them achieve their personal and business goals including those around retirement, education, risk management, and estate planning. Focusing on personalized and comprehensive financial planning, Carl works with a diverse group of clients on understanding their needs and goals and translating their objectives into concrete financial advice.  Working with clients on navigating the complicated world of personal finance, Carl enables clients to understand how they can achieve their goals efficiently and confidently.

Carl joined WealthSource from American Financial Network Advisory Services, LLC (“AFN”) where he led the financial planning team beginning in 2018. In 2019, while at AFN, Carl received the Accredited Investment Fiduciary® designation which focuses on empowering investment professionals to serve their client’s best interests.

Prior to joining AFN, Carl worked in New York, most recently preparing comprehensive financial plans for a Wall Street advisor.  In 2016, while in New York, Carl received his Certified Financial Planner™ designation.  As a CFP® professional, Carl has received rigorous training in personal finance and is committed to upholding its fiduciary standard.

Prior to moving to New York, Carl worked in the Canadian investment and banking industry primarily in his hometown of Calgary, Alberta.

Carl graduated from Queen’s University, in Kingston, Ontario in 2010.

The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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CARL ERMELBAUER

All investments include the risk of loss and nothing herein should be construed as a guarantee of any specific outcome or profit.  The information described herein represents the philosophy, processes, and/or opinions of WealthSource, but may not represent the philosophy, processes, and/or opinions of or used by affiliates of WealthSource, including its Investment Adviser Representatives (“IAR”).  Consequently, you should consult with your WealthSource IAR to determine the applicability of the information described herein to the specific services that are being offered to you by WealthSource.  Furthermore, not all services mentioned herein are available to all clients or are offered by all IARs of WealthSource.  WealthSource is not a law firm and does not provide legal advice.  You should always consult with your legal and/or tax advisors to determine how any estate planning or tax planning strategies will apply to your individual situation.