Recently, my colleague’s father died. As with the death of any family member or close friend, my colleague had many questions about what happens next and what are his responsibilities as personal representative and successor trustee. While his father was not running multiple businesses and did not own real property around the world, there are still many nuances to settling his father’s estate to ensure creditors are paid and the beneficiaries receive their inheritance. In this instance, we served as a resource to the father in creating his estate plan and then came full circle in assisting his heirs to ensure a smooth transition that allows his last wishes to become reality.
At FineMark, we take a wholistic approach to wealth management. We provide investment management services but we also offer estate planning, financial planning and tax planning to our clients. While the investment management is an important part of ensuring your hard-earned savings support you during your “golden” years, that alone is insufficient and, in our view, not a complete solution. Effective wealth management requires establishing deep relationships with our clients so we understand what brings meaning to their lives. Questions we often address are how much can I spend in retirement and how will I ensure the money inherited by my children, grandchildren, and friends will be protected during their lifetimes?
Every stage of life brings new and unique planning opportunities. As wealth managers, we are a resource to clients as they prepare their financial and estate plans as well as to their heirs as final directives become reality, estates are settled and new entities are created. If we can assist you with any aspect of these services, please reach out to your private wealth advisor. We are here to help.
Why Wealth Management at FineMark Transcends Stock Picking
By Read Sawczyn, J.D.
Senior Vice President & Private Wealth Advisor, Trust
Articles In This Issue:
2024 First Quarter Review and Commentary
Download 2024 Q1 Newsletter Here
