Estate planning is the collection of preparation tasks that serve to manage an individual's asset base in the event of their incapacitation or death, including the bequest of assets to heirs and the settlement of estate taxes.  Heron Wealth’s estate planning services may include some or all of the following:

  • Reviewing the Client’s will;
  • Exploration of the potential tax gaps between Client intentions, existing plans, and ever-changing tax landscape, and if applicable, assist Client in setting up trust accounts in the name of beneficiaries;
  • Providing recommendations on important issues such as: establishing a guardian for living dependents; naming an executor of the estate to oversee the terms of the will, creating/updating beneficiaries on plans such as life insurance, IRAs and 401K's and/or setting up funeral arrangements; and
  • Establishing annual gifting to reduce the taxable estate;

Heron will work with Client’ estate planning attorney and/or other third-party professionals to create a strategic and purposeful distribution of Client’s wealth across generations, as directed by the Client‘s vision.  While Heron assists with these functions on the Client’s behalf, Client understands that Heron does not provide legal or tax advice as it relates to estate planning issues, and the preparation of such legal documents as wills, trusts, powers of attorney, guardianship and living wills MUST be prepared by a duly licensed attorney of Client's state of residence.  Heron can provide general advice on such documents, but must always defer to Client's legal counsel.

 
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Full menu of estate planning services:

  • Eldercare
  • Estate Planning
  • Life Insurance Strategies
  • Long-term Care Analysis
  • Medicare & Medicaid Planning
  • Memorable Family Experiences
  • RMD Calculations for IRA’s
  • Retirement Income Needs
  • Retirement Income Distribution
  • Risk Management & Asset Protection
  • Social Security Benefit Options