When it comes to estate planning, trusts are powerful tools that can help individuals maintain control, protect assets, and provide for loved ones. However, understanding the different types of trusts for estate planning can feel overwhelming without the right guidance. In this article, we’ll explore four widely used trusts—testamentary, revocable living, irrevocable, and special needs trusts—and clarify how each one functions.
When it comes to wealth and legacy, even the rich and famous can get estate planning wrong—and sometimes in very public and expensive ways. From overlooked documents to poor communication and failed funding of trusts, these missteps often lead to years of legal battles and unintended consequences for heirs.
At Paces Ferry Wealth Advisors, we believe that clear, coordinated planning is essential, regardless of how much money you have. Here’s a look at several high-profile estate planning mistakes and what we can all learn from them.
When it comes to estate planning, how your accounts are titled can have a significant impact on what happens to your assets after you pass away. Certain titling strategies can help you avoid probate, simplify asset distribution, and ensure your wishes are carried out. Others—if not handled properly—can lead to unintended consequences.
In this article, we’ll walk through three common account titling strategies and how each one works:
Keep reading to learn more.
When it comes to retirement planning, numbers only tell part of the story. Just as important are your goals—what you want your money to do for you. In this real-life retirement plan case study, we walk through how one couple used personalized financial planning to make key adjustments that greatly improved their probability of retiring on time and living the lifestyle they envisioned.
Are you a business owner? Check out our video on this topic, too!
For many small business owners, their company is more than just a source of income—it’s their financial foundation. But when it comes time to sell the business and retire, a critical question arises: How to sell your business for retirement in a way that leads to long-term financial stability. Understanding the right sale price, aligning financial goals, and closing any wealth gaps are key steps in transitioning from business ownership to retirement.
In a recent Fox 5 News segment, Zach Morris of Paces Ferry Wealth Advisors weighs in on the key moves to consider—and the missteps to avoid—when navigating these uncertain times. Don’t miss this insightful discussion on what you should and shouldn’t do to help safeguard your retirement strategy.
Watch the full video!
Estate planning is an essential step in helping protect your financial legacy and guiding how your wishes are to be carried out. While the process may seem complex, you can address the majority of estate planning needs by having three key documents in place: a will, power of attorney, and healthcare directives.
These documents help you manage your assets, protect your loved ones, and help direct your affairs according to your preferences. If you haven’t reviewed your estate plan in years—or don’t have one at all—now is the time to get started.
In this video, I’ll break down everything you need to know about Restricted Stock Units (RSUs)—how they work, their tax implications, and when it makes sense to sell them. RSUs are a form of compensation provided by companies, offering employees shares of company stock once certain conditions are met—typically through a vesting period tied to continued employment. Unlike stock options, RSUs don’t require you to purchase shares. Instead, you automatically receive the shares once they vest, making them an attractive tool for building long-term wealth.
Finding yourself in a short-term cash crunch can be stressful, especially when you need funds quickly without triggering a large taxable event. Whether it’s for a down payment on a home or another financial need, there are strategies available to help you access cash while minimizing tax implications. In this article, we’ll explore four tax-friendly ways to get cash quickly that could make a difference in managing your finances.
Are you facing a short-term cash crunch and need money without triggering taxable events by liquidating your investments? In this video, I share four practical strategies to generate the funds you need quickly and efficiently, usng the example of making a down payment on a home purchase.