There is a common misconception that an estate is only the property that one leaves at death. In reality, it is much more than that. In its broadest sense, the term estate planning encompasses the accumulation, conservation, and distribution of an estate. The overall purpose of the estate planning process is to develop a plan that will enhance and maintain the financial security of our clients and their families. Estate planning has come to include lifetime financial planning that may lead to increases in a client’s estate as well as the conservation of existing assets. This process includes inventorying your assets and making a will and/or establishing a trust, often with an emphasis on minimizing taxes. Estate planning should provide financial security during retirement years and facilitate the intended and orderly disposition of property and assets at death.
IMS Securities, Inc., IMS Financial Advisors, Inc., Stacey Rognon and Josh Patterson are not engaged in rendering legal, accounting or tax advice. If these services are required, utilize the services of a CPA, attorney, accountant, or other consultant as may be required.