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.
Kelly started his career in 1998 in the accounting industry and then ventured into the financial services industry in 2006 as a personal wealth advisor in order to expand his service offerings and practice. During his career, he has operated a tax practice focusing on high-net-worth individuals and closely-held businesses, and was a Senior Tax Accountant and a Tax Manager for Deloitte & Touche, LLP in Denver prior to obtaining his CFP® certification. His experience in income tax planning and compliance, small business consulting, estate planning, and investment management allows him to deliver a comprehensive approach to his client’s financial needs. In addition to traditional financial planning services, Kelly offers tax planning and compliance services to his clients.
Kelly earned a B.S. Business degree in accounting from the University of Idaho, and a Master of Taxation degree from the University of Denver.
He is a member of the Financial Planning Association, American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants. Kelly enjoys cooking with his wife Patti, and outdoor recreation in the Colorado mountains with his three sons.
Tax planning, advisory and compliance; bookkeeping; and tax return preparation and filing services offered through Elsensohn & Associates, P.C. and/or Kelly Elsensohn (Colorado CPA License # CPA.0016850) in his individual capacity as a licensed CPA. WealthSource is not an accounting firm and Elsensohn & Associates, P.C. and WealthSource are independent and unaffiliated entities.
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.
FInancial Planning Associate
CFADavid has a passion for helping to improve peoples’ financial lives and advising clients on their financial futures.
Prior to joining WealthSource, David was a Workplace Planning Consultant with Fidelity Investments. He worked with 401(k) participants and helped hundreds of clients define their key retirement goals and explore appropriate strategies to reach them. His focus was primarily on savings, income, and cash flow management in the years leading up to retirement.
Previously, David was a Financial Advisor with Bank of the West, with clients throughout Northern Colorado. He specialized primarily in income planning through strategies involving investing and annuity solutions to help generate steady retirement income.
David graduated from Colorado State University, earning a degree in Business Administration with a concentration in Finance. He is a Chartered Financial Analyst® (CFA®) Charterholder and member of CFA® Society Colorado. Outside of the office, David enjoys playing golf and following Denver sports. He lives in Parker, CO with his wife and their two dogs.
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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.