Coordinating Your Investments with your Estate Plan

Coordinating Your Investments with your Estate Plan

By: Martin M. Shenkman, CPA, MBA, JD

Law Made Easy Press

Estate Video - Simon Says: Manage Your Money
Coordinating Your Investments with your Estate Plan

Martin M. Shenkman, P.C.
Law Offices of Martin M. Shenkman, P.C.
4 Forest Avenue
Paramus, New Jersey 07652

Coordinating Your Investments with your Estate Plan

The idea of estate planning is something that at times many people become so focused with they don't really take the time to examine all the other issues having to do with their actual estate. Estate planning is not effective unless the person coordinates the plan with their investment planning. Unexpected or abrupt changes could have a dramatic effect on an estate, ex. Death, Unexplained and Unplanned Events, Medical Emergency etc. Here is a list of ways to ensure your investments are coordinated with your estate plan.

1. Make an investment policy statement for certain trusts.

- This is to keep the stipulations under the trust very clear cut. The policy communicates the time frame on how long this money is invested, how often you take money, how much you are taking, and how long you will be taking the money.

- It also assess you risk tolerance for future planning by getting a formal background of what you are investing in.

- It also takes taxes into consideration.

2. Understand that different situations may call for different plans of action.

3. Make certain that your investment, estate, and financial planner keep in contact with each other.

- To ensure this schedule one meeting together once a year to make sure everyone is on the same page.

- Also make sure that no major changes are needed to be made in any aspect of your estate.

4. Find someone skilled enough to ensure your estate is completely secure, even if that means finding other investment planners who are more skilled at handling your type of estate.

5. Always do your planning and gift giving with a financial projection of the future.

- Taking the projection into consideration while gift giving can ensure longevity in your estate.

6. Consider a Grantor Retained Annuity Trust (GRAT) which is a trust that a person could put money into from their estate which could potentially pay them back annuity.

- If the stock market goes up, the return grows outside of your estate.

The above is a summary of a TV show episode on Piscataway Community Television Network in Edison, New Jersey, and his guest Martin M. Shenkman, Esq. an estate planner in Paramus, New Jersey. Listen to the video clip of this segment on for more financial tips.

Disclaimer: Law Made Easy Press® provides practical and legal, tax, estate and financial information for educational purposes only. The goal is to help you best work with your professionals to save costs, and to obtain better service and results as an informed consumer. There is no assurance that the laws or sample documents are current, that the forms will achieve the desired goal in all circumstances. Laws change frequently and vary from location. Therefore, you should always consult with a local attorney, accountant, or other expert.

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