Estate Planning

Solutions / Estate Planning

Our estate planning services are designed to provide peace of mind and financial security for you and your loved ones.

Will and Trust Creation

Wills: A legally binding document that outlines your wishes for asset distribution, guardianship of minor children, and other important matters after your passing.
Revocable Living Trusts: Trusts that can be altered or revoked during your lifetime, offering flexibility and control over your assets, and helping to avoid probate.
Irrevocable Trusts: Trusts that cannot be changed once established, providing tax advantages and asset protection for your beneficiaries.

Wealth Transfer Strategies

Gifting Strategies: Methods to transfer wealth during your lifetime, such as annual exclusion gifts and charitable donations, reducing the taxable value of your estate.
Family Limited Partnerships (FLPs): Structures that allow you to transfer business interests or other assets to family members while maintaining control and minimizing estate taxes.
Generation-Skipping Transfer (GST) Planning: Strategies to transfer wealth directly to grandchildren or other beneficiaries, bypassing the immediate next generation to save on taxes.

Estate Tax Mitigation

Valuation Discounts: Techniques to reduce the value of your estate for tax purposes, such as minority interest and lack of marketability discounts for closely held businesses.
Charitable Trusts: Trusts that allow you to donate to charity while receiving tax benefits and providing income for your beneficiaries, such as Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs).
Life Insurance Trusts: Irrevocable Life Insurance Trusts (ILITs) that remove life insurance proceeds from your taxable estate, providing liquidity to pay estate taxes and other expenses.

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WestPoint Wealth Management was built on the values and principals of its founding members; trust, integrity, accountability, patriotism and advocacy.

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Advisory services offered through WestPoint Wealth Management LLC, a Registered Investment Advisor | Disclosure