The firm’s team of senior investment advisors now offers up-to-date guidance relating to the protection and division of clients’ assets after they have passed away. Estate plans are developed with the goal of organizing personal and legal affairs, minimizing inheritance taxes, and avoiding the potential for family conflicts.
More details can be found at https://goldstonefinancialgroup.com/
Federal estate taxes were updated at the beginning of 2023, and Goldstone’s latest services are designed to help clients take advantage of historically high exemptions. The firm can also assist in the creation of one or more financial vehicles to protect assets, such as limited liability companies, family limited partnerships, IRAs, and trusts.
Owing to inflationary pressures, the federal gift and tax exemption was raised to $12.92 million for individuals and $25.84 million for married couples as of January 1, 2023. The current provisions fall under legislation enacted by the Trump administration, which is due to sunset at the end of 2025, after which exemptions may be reduced by approximately 50%.
Goldstone Financial Group explains that, while the current laws are of greater interest to wealthy individuals, the company offers tax minimization strategies for clients with various financial backgrounds. The firm’s senior advisors have significant experience with IRAs, which the company points out is one vehicle that can help to reduce inheritance tax.
“Estate planning enables you to protect your loved ones after you pass away,” a company representative explained. “With proper estate planning and a solid estate planning professional from Goldstone Financial, you can minimize estate taxes, leaving more assets and fewer hassles for your loved ones.”
About Goldstone Financial Group
In addition to estate planning, Goldstone’s services extend to retirement planning, wealth management, asset protection, and healthcare planning. The firm operates across seven offices in the Chicago Metropolitan Area, along with three recently opened Tennessee outlets located in Nashville, Brentwood, and Franklin.
“My wife I have been with Goldstone for almost 10 years and I can honestly say it was one of the smartest decisions we’ve made,” one client recently stated. “We have been very happy with how Goldstone has managed all our investments and helped us plan for retirement.”
Interested parties can find more information by visiting https://goldstonefinancialgroup.com/contact-us/
Goldstone Financial Group
18W140 Butterfield Road
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.