Wealth management is an intergenerational discipline that must include tax, trust and estate considerations. Experience has proven to us, time and again, that communication is essential among our clients’ financial advisors and their other professionals, including attorneys, accountants and family office administrators.
At Minot, we often serve as the convener of our client’s professional team and lead the discussion around comprehensive tax planning and wealth transfer strategies, within the context of our client’s wealth management plan. For new clients, we begin with the basics— a review of your family’s key documents, including:
Existing wills and trusts
Durable powers of attorney
Current executors, trustees, guardians and others
With a clear understanding of your current position, we apply our depth of knowledge to advise you on tax planning, estate and wealth transfer strategies that will define your legacy.We will help you determine how to allocate funds among family and philanthropy. We will analyze the impact of giving during your lifetime versus bequests at death and provide options for your consideration. Our goal is to leverage the strengths of your professional team and implement an effective wealth transfer plan that will have a positive impact for generations to come.