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.
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.
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.
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.
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.
Zak enjoys helping business owners and executives navigate the complexity of their financial lives. Zak and his wife Merrill are lucky dog-parents to their Yorkie-Poo, Reese. They love to travel, especially if there is a beach (so much so that they got married on the beach). Zak played Division 1 soccer while pursuing his finance degree at West Virginia University — and he enjoys skiing, running, hiking, and really anything that gets his blood pumping.
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.
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.
