Passing it on

When they begin the process of estate planning and deciding how they will pass on their wealth to their families and communities, many people decide to utilize trusts.

Trusts allow individuals to control how their estate is distributed to heirs and how their assets are invested. While they’re popular as a tax-efficient way to pass assets on to heirs and beneficiaries after death without having to go through probate, they can also be used to manage assets during your lifetime. Additionally, they can be used as a way to provide for your family if you are incapacitated as well as an avenue to fund charitable giving goals. 

At RIS, we can work with your attorney and help determine if a trust is right for you. If you already hold assets in a trust or have been named as a trustee, we can work with you to optimize which assets should be in a taxable account and which should be held in a retirement account.  We also work with estate attorneys, tax attorneys, and accounting professionals to manage assets in a tax-efficient manner, when appropriate.

In it for the long haul

When setting up trusts and other parts of their estate plan, clients often have questions on topics like legal structures and investment strategies. For many clients, though, their biggest concern is whether their advisor will be there for their family in the years to come.

At Retirement Income Solutions, our financial advisors stay with us for decades, often right up until their own retirement. We have extremely low turnover among our staff and we cherish our long-term relationships with our clients and the next generation of their families. 

In fact, we often talk about the number of clients we have, the assets we have under management, or our ranking among Michigan financial advisors, but the number that best tells our story is our 98% client retention rate. Not only do we retain clients year after year, but we often retain their beneficiaries, too. We have clients and advisors who have been with our firm for 20+ years, and we look forward to the decades of partnership to come.

Learn more about how we can help you approach estate planning and how our comprehensive approach helps us cover all aspects of your financial life.