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NEW YORK, NY / ACCESS Newswire / June 9, 2025 / Your wealth can tell a story. Whether it's through your ambition, passion, generosity or more, your story can make an impact. But what happens when you're no longer there to write it? Estate succession planning helps carry your intentions forward, creating a legacy that can endure for generations. With a sound wealth planning approach, and experienced guidance from a financial advisor, you could turn today's complex decisions into a meaningful impact for tomorrow.
Focus on what matters most
Your estate plan is a roadmap on how to manage your assets, provide for your loved ones and, eventually, realize your final wishes. Of course the most successful estate succession plans start with a clear understanding of your priorities. The questions below can help you jumpstart identifying your goals.
Think about your best possible long-term outcome. What does success look like to you?
Are you looking to secure the future of your family or meaningful organizations?
Do you want to guarantee the care of younger family members, maintain a protected area or grow a charitable organization?
Do you have unique assets to consider, like certain businesses, an art collection or special properties?
Wealth planning that includes your unique goals can help make sure your succession plan is aligned with your vision.
Structure your planning strategically
Your succession plan should seek to preserve your wealth and everything that's most important to you, while also being tax-efficient. Consider these ideas to help:
Create legal documents that will guide a person you appoint to distribute and manage your assets.
Talk to your financial advisor about which gifting strategies and charitable contributions might reduce your estate taxes.
Lean on guidance from your financial advisor to assess any future asset transfer and its tax implications for your loved ones.
Outline your medical directives and legal instructions for your healthcare wishes and financial decisions if you think you might not be able to make them on your own.
Though potentially uncomfortable, address your final issues clearly and work with a professional on a funeral directive. This way, you can provide much-needed clarity for loved ones when they may need it most.
These strategies could simplify transferring assets, reduce potential hiccups or delays, and put your estate in the best position to support your heirs.
Plan for uncertainty and future growth
You never know what's on the horizon. This is why planning is so critical. Good estate succession extends beyond making smooth asset transfers. It provides foresight into the next generations' growth and confidence for the future. These tips could help:
Speak to your financial advisor about establishing potential education funds or foundations. Spell out how you want them to run so that they benefit future generations.
Meet with your advisor to draft business succession plans that maintain continuity and operational stability.
When there are business assets or property transfers at stake, talk with trusted loved ones and legal professionals to create clear directives that minimize conflicts.
Regularly review your plan
Estate succession planning doesn't have to be set in stone. As your life and priorities evolve, so should your plan.
Review your strategy with your advisor every 3 to 5 years or after major life changes, such as significant business developments, a divorce, a death or the birth of a child.
Work with your advisor to refine strategies and address any gaps in your plan.
Make sure your instructions follow current legal and tax regulations.
Have your team verify that estate documents include strategies to help minimize taxes for your beneficiaries.
Proactive updates and monitoring can help avoid unforeseen complications and keep your plan strong.
Collaborate with trusted experts
Navigating the complexities of estate succession planning often requires working with a team of reliable professionals.
Collaborate with an experienced financial advisor who can connect you with estate attorneys, tax experts, and certified private wealth management firms.
Appoint executors, business partners, trustees or other fiduciaries to manage key responsibilities connected to wealth and business plans.
Have your financial advisor connect you to professional portfolio and money managers through a reputable investment advisory program.
Collaborating with a reliable financial advisor and team can be an effective path to preserving your plan's integrity.
Cement your legacy
Perhaps the best way to shape a future is to plan for it now. But your legacy deserves more than just a plan. Your estate deserves a strategy that adapts, evolves and thrives for generations. A family office and philanthropy services group can help you with insights, advice and execution to navigate complex estate succession needs. With careful planning and the right approach, you can precisely tailor your plan and create a clear blueprint for generational success.
Sources:
finred[dot]usalearning[dot]gov/Planning/EstatePlanningOverview
mahoningcountyoh[dot]gov/FAQ.aspx?QID=119
nia[dot]nih[dot]gov/health/advance-care-planning/getting-your-affairs-order-checklist-documents-prepare-future
finred[dot]usalearning[dot]gov/Planning/EstatePlanning
finred[dot]usalearning[dot]gov/assets/downloads/FINRED-EstatePlanning-FS.pdf
This material is provided for informational and educational purposes only. It is not intended as investment advice or a recommendation that you take a particular course of action.
As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business, that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information, please review the client relationship summary provided at ubs.com/relationshipsummary or ask your UBS Financial Advisor for a copy. In providing financial planning services, we may act as a broker-dealer or investment adviser. When we act as investment adviser we charge a separate fee for the service and enter into a written agreement with you. The nature and scope of the services are detailed in the documents and reports provided to you as part of the service.
© UBS 2025. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS Group AG. Member FINRA/SIPC.
Contact Information:
Name: Sonakshi Murze
Email: Sonakshi.murze@iquanti.com
Job Title: Manager
SOURCE: iQuanti
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