Webinar: July 7, 2021
Noon – 1PM EDT
The COVID-19 pandemic served as a stark reminder of how the unexpected can quickly shift our reality. The immense amount of change that happened seemingly overnight affected virtually every aspect of life. Beyond changes to daily living routines brought about by government orders, the fear of contracting COVID-19 and potentially dying was prominently on the minds of many as they navigated daily life. The unfortunate reality is that 600,000 people died from the virus. Thankfully, the vaccine has been a game-changer, but the pandemic caused many to contemplate end-of-life issues. What would happen if they suddenly became incapacitated or died? Who would handle the family business? How would assets and wealth be divided in a way that meets my desires?
These are the type of questions that are often left unaddressed because of the difficulty of contemplating one’s own death. In fact, the 2021 Wills and Estate Planning Study found that only 43% of individuals over 55 years of age have conducted formal estate planning. This is a very low number given how essential planning is to the orderly distribution of assets and wealth. Failure to conduct proper planning not only risks creating family conflict, cause the dissipation of assets, and even result in higher estate and income taxes.
Getting Started with Your Family Love Letter
Estate planning can be a challenging process that requires different approaches for different individuals and families. The details of each can vary widely based on the amount of wealth and assets and how they are to be distributed. For this reason, it is important to learn about the essentials of estate planning to gain a better understanding of how the process can work for you.
Join PBMares for a one-hour complimentary webinar on Wednesday, July 7, 2021, from 12-1 pm (EST) to learn about the Family Love Letter. Wealth advisors Daniel Yoo, CFP®, CEPA® and Michael Maglieri from PBMares Wealth Management will provide an overview of this comprehensive estate planning tool, identify key considerations to make in the planning process and much more.
Click here to register for the event and save your seat.
ABOUT THE AUTHOR(S):
Michael Maglieri
Associate Wealth Advisor
As an Associate Wealth Advisor, Michael partners with the Wealth Management team to help clients with comprehensive financial plans, investment analysis, insurance, and estate planning, business exit planning, and retirement plan administration.
Daniel H. Yoo, CFP®, CEPA®
Wealth Advisor
As a Wealth Advisor and Certified Financial Planner™, Daniel Yoo builds relationships with entrepreneurs, executives and their families to achieve financial harmony with their personal and business goals. He is also a Certified Exit Planning Advisor® to help business owners understand and optimize the value of an exit strategy.
