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Wealth Accumulation and Distribution
Personal financial planning is the process in which coordinated, comprehensive strategies are developed and implemented for the achievement of one's overall financial objectives. These strategies may pertain to retirement planning, college education planning, insurance planning, survivor needs, estate planning, and/or charitable giving. A financial planner often consults and coordinates activities with other advisors, such as attorneys, accountants, and trust officers.
Most people find themselves in need of financial planning to some degree, but many believe that a financial plan is only necessary for individuals with substantial net worth. In fact, less affluent people actually may need planning just as much, because each dollar of income or capital means more on a relative basis.
Whether you are anticipating retirement, sending your children or grandchildren to college, experiencing a major life transition, or just beginning an investment program, it is crucial to have a financial plan.
Estate Planning in its traditional and simplest form refers to the orderly disposition of assets at the time of death. However, over time, estate planning has evolved into a lifetime process of working to achieve priorities and needs within the changing framework of the complex Internal Revenue Code and Estate/Inheritance Tax Statutes. Your involvement is key to establishing a successful estate plan which reflects your priorities and preserves your estate in light of established legal constraints.
Financial Consultants are trained not only to help you create your wealth, they are available to assist you as you build a personal estate plan to preserve your wealth for your family. Estate planning truly is a lifetime process which occurs long before the reading of your Will.
The financial and estate planning process begins by gathering all relevant information, focusing on your needs and goals. The data is analyzed and a plan is developed which is intended to take you from your present position to the attainment of your goals. The next step is the implementation of the plan by taking the recommended courses of action. On a continuing basis, the plan is periodically reviewed to evaluate whether it is accomplishing its purpose.
For more information, please contact a Financial Consultant near you.
View more information about Financial and Estate Planning Services available through Janney Montgomery Scott LLC.
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