Estate Planning, Transferring Wealth To Future Generations

Your family is important to you. You’ve worked hard accumulating assets to take care of your loved ones. So, then why is the IRS your beneficiary? Without proper estate planning, your money could be subject to state death taxes that could significantly reduce the size of the inheritance you want to leave to your children, grandchildren or others. To make sure your beneficiaries get the maximum possible amount from your estate, work with a Pulse Wealth Advisor to define your objectives, set up a plan, and periodically review your plan.

What is Estate Planning?

Estate planning is the ongoing process of creating a written plan for the distribution of your assets at your death. A well thought out estate plan can help organize the resources of your estate and relieve your family and loved ones of the burden of struggling through your final affairs.

Step 1: Define Your Objectives
  • Consult with a Pulse advisor- we will sit down with your estate planning attorney to review your assets and see how much of your family’s inheritance could be reduced by estate taxes.
  • Take stock-It’s wise to build a team of experts to help evaluate your assets and develop a plan. These experts may include your estate planning attorney or an accountant.
  • Together, we can take stock of your investments, property ownership, employer-sponsored retirement plans and savings. Once this is done, we will be able to put together a customized plan.
Step 2: Set Up A Plan
  • Creating a comprehensive plan can help you make sure that a loved one is not accidentally disinherited and can also reduce or eliminate the taxes your beneficiaries have to pay on their inheritance.
  • To help diminish the impact of taxes, inflation and unexpected expenses on your estate:
    • Create a Will
    • Consider a Trust. The use of trusts involves a complex web of tax rules and regulations. You should consider the counsel of an experienced estate planning professional and your legal and tax advisers before implementing such strategies.
    • Establish a Power of Attorney
    • Choose an Executor
  • Pulse Financial Services can help you understand how each of these elements fits in to your overall estate plan.
Step 3: Review your plan periodically
  • As time passes, you may need to reevaluate your plan to make sure that it still meets your objectives.
  • The following events should trigger a review of your plan to make sure that your assets are distributed the way you desire:
    • Has the value of your estate changed dramatically?
    • Have family events such as births, deaths or marriages occurred?
    • Have tax-law changes left your plan outdated?
    • Can your investment strategy be altered to possibly increase your estate?
Business Owners Should Make Additional Plans
  • “Key-Person” life insurance and “Buy-Sell” agreements can help you protect both your family and your business in case the unexpected happens.
  • Consult with a Pulse Financial advisor to learn more about the tools available for dealing with your business upon your passing.


Securities offered through First Allied Securities, Inc. Member FINRA/SIPC. Advisory services offered through First Allied Advisory Services Inc., a registered investment adviser.

This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation.
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