How Do iWealth Advisors Incorporate Estate Planning In Our Services?

While many people have experience working with Financial Advisors to manage their stock trades, mutual funds and 401K, Wealth Advisors like our team at iWealth typically offer more comprehensive and specialized estate planning services, particularly for high-net-worth individuals. Here are some key differences in estate planning services:

Advanced Estate Planning Strategies

Wealth Managers often have expertise in sophisticated estate planning techniques that may be particularly beneficial for high-net-worth clients. Advanced strategies can help minimize estate taxes and efficiently transfer wealth across generations.

Comprehensive Estate Coordination

Wealth Managers typically take a more holistic approach to estate planning:

• Coordinating with a team of specialists (attorneys, CPAs, insurance professionals)
• Integrating estate planning with overall wealth management strategy
• Regular review and updating of estate plans as laws and circumstances change

This comprehensive coordination guides all aspects of a client’s financial life align with their estate planning goals.

Business Succession Planning

For wealthy business owners, Wealth Managers often provide specialized services around:

• Structuring business transfers to minimize taxes
• Creating buy-sell agreements
• Developing leadership transition plans
• Integrating business succession with personal estate plans

Legacy Planning

Wealth Managers may offer more extensive legacy planning services:

• Multigenerational wealth transfer strategies
• Family governance structures
• Education and preparation of heirs
• Philanthropic planning and private foundation management

These services focus on preserving family wealth and values across multiple generations.

Specialized Tax Strategies

Wealth Managers often have deeper expertise in tax mitigation strategies for large estates:

• Gifting strategies to reduce estate size
• Valuation discount planning
• State death tax planning
• International tax planning for global assets

While many Financial Advisors can assist with basic estate planning, iWealth Advisors offer a higher level of specialization and more comprehensive services for complex, high-value estates. Our experience in advanced techniques and ability to coordinate with other professionals can be particularly valuable for wealthy individuals with intricate financial situations.