Preservation of wealth involves risk-management strategies that address the level of risk you take in the accumulation phase of life. It also involves the protection of assets once you achieve your financial goals (achieve critical mass). This may or may not involve a reduction in risk during retirement. Management of risk at the portfolio level, both before and after retirement, is certainly important.
At Sampson Investment Management we are big believers in the value of a true team approach where we reach out to other professionals who are experts in areas critical to the financial planning process. Kurt A. Grossheider is an estate attorney who we are proud to endorse as an important member of our team. We hope you enjoy his insights on estate planning in light of recent increases in exemption amounts. – SS
There are good reasons why a revocable living trust is the centerpiece of almost every estate plan; especially for married couples. A fully funded revocable trust does three primary things: