For today, tomorrow, and generations to come
Estate planning is more than a general stack of pre-made documents - It's personal. Document creation is just the beginning.
At Local Wealth Management, we believe passing on your assets and your values is more than a one-time task. Estate planning involves preparing your assets for inheritance and preparing your beneficiaries to receive them. We partner with our independent network of attorneys to help ensure your values and your wealth pass successfully to the next generation.
Custom Estate Planning
Avoid probate
asset protection
ensure privacy
minimize taxes
Florida Domicile
Strategies to Preserve and Protect Assets
We believe estate planning is essential. There are many estate planning techniques: some apply to all, others apply in unique situations. Your plan is unique to you and may include the following elements.
- Wills
- Living Wills
- Durable Powers of Attorney
- Healthcare Directives
- Revocable Living Trusts
- Irrevocable Trusts
- Charitable Trusts
- Special Needs Trusts
- Trust Administration
Give with Purpose...and a Plan
Donor-Advised Funds
Qualified Charitable Distributions (QCDs)
Gifting appreciated stock
Family Giving Strategies
Personal Trust Services
Choosing representation to oversee your trust after passing can be difficult. But it doesn’t have to be.
We partner directly with our network of attorneys and trust companies, to ensure your trust is administered and invested as you intended.
Guiding Principle
We believe the number one rule in estate planning is to disinherit the IRS and to minimize unnecessary taxes. If you don’t have a plan, your state of residence does, through intestacy laws. In that case, your family may need to go through court, and the state determines how your estate is distributed.
Estate Planning FAQ
Why do so many people avoid estate planning?
The biggest mistake is just not raising your hand. People say “I don’t know what I don’t know” so they don’t ask questions. But you can work for 20 years, make every sacrifice, and one life circumstance without proper planning can destroy it all. The protection exists – people just don’t know to ask for it.
What should I ask my advisor about estate planning?
When was the last time your advisor reviewed your beneficiaries? Confirmed your life insurance is up to date? Discussed anything besides investments and market performance? We see clients that have no beneficiaries set up – that’s basic, not complex. If you’ve been with your advisor for years and they haven’t brought this up, why haven’t they?
How is estate planning different from just having a will?
Estate planning isn’t just creating documents and sticking them in a safe. It’s a living document. Tax laws change, family dynamics change. That’s why you need someone who’s raising these issues and aware of changes to bring it to the surface. It’s not about checking a box – it’s an ongoing strategy.