For seniors, estate planning is a subject that can raise a lot of uncomfortable feelings. CLA USA agents understand those feelings, but also understand how important planning can be for both the individual and the individual’s family. A well-planned estate can ensure that you have all the assets you need to live out your life comfortably, while protecting the assets you intend to pass on to the next generation. In short, there’s far more to senior estate planning than writing a will and setting up a retirement fund. CLA USA agents specialize in explaining and providing the many conservative financial planning tools and products that are available to help seniors put together a comprehensive estate plan. Agents with CLA USA will even work with your tax professionals and attorneys to ensure that every aspect of your financial plan serves your needs properly.
At CLA USA, seniors estate planning can encompass any of the following important aspects.
CLA USA focuses on conservative financial planning tools and investments to protect your wealth during market corrections and downturns. For seniors, asset protection is often more important than income generation, but there are income-generating investments that can fit into your future financial plans.
The uncertain markets over the past several years have driven home the point that no investment is ever completely safe, but there are financial products and tools that are safer than others. A well-conceived seniors estate plan will include strategic asset allocation that protects your wealth from erosion and helps you preserve your assets for your own use and to pass the remainder to your heirs.
Seniors Estate Planning
Without a properly structured estate plan, your loved ones and heirs may not receive the assets and legacy that you intend for them to have. Planning your estate while you’re still alive can ensure that your belongings are distributed according to your wishes and reduce the stresses on your family and loved ones after your death. It’s important to work with senior estate planning professionals who stay current with the frequent changes in estate planning to ensure that you get the most up-to-date advice and information.
Retirement and Income Planning
Today’s seniors aren’t entering their golden years with the prospect of living another five or ten years after retirement. With the advances in medicine and the focus on health, many retirees will enjoy 25 years or more of retirement. That means that your retirement nest egg has to stretch twice as long as you expected. An experienced financial planner can help you position your assets and choose financial tools to provide lifetime income from your retirement nest egg.
Taxes can take an unexpectedly large bit out of your estate and wear away at your retirement income. Tax planning is a vital part of both retirement planning and seniors estate planning. It can take the form of tax-deferred vehicles, special insurance trusts and other strategies to ensure that your heirs receive as much of your estate as possible.
Life insurance, long term care insurance and other types of insurance can ensure that you are properly cared for throughout your life and that your family is properly cared for when you aren’t there to make the decisions for them. From choosing the proper beneficiaries for life insurance plans and retirement plans – including surviving spouse benefits from your military and other pension plans – to providing for your expenses in the event that you need long-term care in your older years, insurance has an important role in senior estate planning.
CLA USA is a financial services company headquartered in Frisco, Texas. For over 20 years, CLA services have focused on assisting seniors with estate planning and asset management for retirement. The company is highly regarded, and holds an A+ rating from the Dallas Texas Better Business Bureau, as well as comparable ratings in other cities where CLA USA does business. For more information about conservative financial planning and senior estate planning, contact a CLA USA agent to schedule a consultation to learn more.