Estate Planning is about protecting the people you love and preserving your legacy for future generations.
Preparing an estate plan is a personal and highly individualized endeavor necessary to ensure that your wishes are carried out during and beyond your lifetime. Not all estate plans are created equal. Whether your estate is large or small, estate planning can help preserve assets, manage money and facilitate in the administration of your affairs after your death.
A well-executed plan can be designed to:
- Protect your family
- Provide for a child with special needs
- Fund your children or grandchildren education
- Support a favorite charity
- Establishment of a trust
- Minimize tax liability and reduce court costs
- Distribute your assets in accordance with your wishes
While there are many alternatives that need to be discussed and evaluated, there are also many practical methods available for accomplishing specific goals. Your options include gifting, trusts, charitable bequests, and Life insurance to provide funds for your survivors to help pay debts and estate taxes, all of which may help you direct how things will be finalized when you are no longer here to make the decisions.
Finally, your estate plan is never finished and it should be reviewed periodically with the help and guidance of an estate planning team.
This is where professional expertise can be incredibly valuable. A good financial advisor understands each individual’s unique situation and will really listen and help guide you through estate planning and provide sound advice based upon your concerns.
XCEL FCU is a credit union serving members in New Jersey, New York and across the country.
We are licensed in the following states. If you are a legal resident of one of these states, please proceed. We are sorry if we are unable to offer you our services at this time.
- Securities: New Jersey, New York
Osaic Wealth, Inc. and its registered representatives do not give legal or tax advice. Roy Schoenfeld is a registered representative of Osaic Wealth, Inc. Securities and investment advisory services offered through Osaic Wealth, Inc, a broker-dealer (Member SIPC) and registered investment advisor. Insurance offered through Osaic affiliates and other fine companies. Osaic Wealth, Inc. has formed a strategic alliance with XCEL Federal Credit Union. XCEL Federal Credit Union is not affiliate of Osaic Wealth, Inc. While the two firms will work together to provide you with the best service possible, each firm is independently responsible for the services offered.
Non-deposit investment products and services are offered through Osaic Wealth, Inc., a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through Osaic Wealth, Inc. are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the XCEL Federal Credit Union, and may involve investment risk including possible loss of principal.
- Insurance: Connecticut, New Jersey, New York, Pennsylvania
Osaic Wealth, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.