The families we serve value their lifestyles and know that they are the result of hard work and dedication. They want to create for themselves and their loved ones a sound financial plan that includes trust advisory and estate planning. With careful planning, our clients are often able to minimize gift and estate taxes and preserve more of their assets for those they care about.
One of the first steps you will take in the estate planning process is determining how much planning you need to undertake. No two situations are alike. Even individuals who don't have a great deal of wealth require some degree of planning. On the flip side, those with substantial assets often require highly complex estate plans.
Estate planning is very complex. While a simple Will may adequately serve the estate planning needs of some people, you should meet with qualified professionals to be sure you are developing a plan that is consistent with your objectives.
Finally, be sure to recognize that estate planning is an ongoing process that may require periodic review to ensure that plans are in concert with your changing goals. In addition, because estate planning often entails many facets of your personal finances, it often involves the coordinated efforts of qualified legal, tax, insurance, and financial professionals. Please be advised that MFFM does not provide legal advice, and that our employees are not acting as your attorney.