Wealth Preservation
Looking for more information and estate planning tips? Visit our Wealth Preservation resource site at www.porzioplanning.com.
What is Wealth Preservation?
You have worked hard for your assets. You want to see those assets and values passed to the people and organizations you care about. Wealth preservation planning is the process of becoming educated and then making decisions about the issues and laws that impact how you use your wealth. At Porzio, we partner with you to create and implement strategies that reduce taxes, protect your assets, enforce your rights, and distribute your wealth and values.
Why “Wealth Preservation”?
Our attorneys find that we help clients in so many ways that describing our services becomes a mouthful. We offer much more than tax or estate planning. Our services involve protecting your wealth during your lifetime, not just at death. We give planning advice to business owners whose company can be their largest asset. We zealously represent families in court in will contests, trust disputes, and guardianships. We not only create traditional and cutting-edge tax minimization strategies but help you comply with tax reporting requirements. What do all these services have in common? Each activity is focused on helping you maintain the wealth you have built.
Why Porzio?
At Porzio, we value our relationships with our clients. Our representation is an ongoing process that provides you with expert planning and compliance guidance throughout the year—year after year. We listen closely to gauge the best individual course of action for each of our clients. As your financial needs evolve, we work together to make well-informed decisions and suggestions that consider a client’s overall income tax, asset protection, and estate planning objectives.
Who needs “Wealth Preservation” planning?
Anyone who wants to make “better” decisions about how their wealth will be used can benefit from wealth preservation planning.
- Beneficiaries want to understand how wealth is being distributed to them and to evaluate the fiduciaries’ actions.
- Business owners need knowledge and plans to pull the wealth from their business at sale, retirement, or to pass the business to their family.
- Individuals with disabilities need guidance to protect wealth from dimunation or evaporation
- Executives desire to not only understand but to maximize benefit packages.
- Executors, trustees, and other fiduciaries need guidance so that the wealth with which they are entrusted is distributed properly.
- High net worth individuals benefit from strategies that reduce taxes and preserve the family assets.
- Parents want to ensure that their wealth supports their children if they are no longer here.
- Seniors seek security to ensure their wealth is available for their long-term care needs.
What does “Wealth Preservation” encompass?
At Porzio, our service areas have grown according to the needs of our clients. As the tax laws become more complicated, tax planning evolves to new levels of sophistication and tax compliance grows in importance. As the population ages, estate planning at death expands into asset protection planning during life. As the economy changes, there is more pressure on family assets and parties may need to enforce their rights in court. If you have a question about your wealth, your family, or your business, we will educate ourselves about your issue and develop a plan of action towards resolution.
Looking for more information and estate planning tips? Visit our Wealth Preservation resource site at www.porzioplanning.com.
