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

649 Market Street, 3rd Floor Grand Junction, CO 81505

970-812-3982 Meet Your Advisor

Robb Parsons is a Senior Wealth Manager with WealthSource® Partners. He received his Bachelor of Science degree in Management from Clemson University and, in 2007, became a Chartered Financial Analyst® charterholder. Robb specializes in serving the needs of high-and-ultra-high-net-worth clients and focuses his energy on in-depth portfolio analysis and strategic tax-sensitive management. Prior to joining WealthSource, Robb was with Wells Fargo Private Bank in Grand Junction, Colorado, for almost thirteen years where he served as a Senior Investment Strategist and Vice President.

CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute.

 

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ROBB PARSONS

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.