- Mercer Advisors, Formerly Epstein & White

The Role of Life Insurance in Estate Planning

Have you ever considered how your loved ones will be taken care of after your passing? The answer lies in estate planning and life insurance. When effectively combined, these components offer invaluable financial support to your family and friends. Understanding how to integrate both into a comprehensive plan is key. This guide will help you get started with life insurance in estate planning by outlining its benefits and providing essential considerations. How Is Life Insurance Used [...]

Rebecca Mack2024-10-11T19:11:37+00:00October 11, 2024|Estate Planning, Insurance|

5 Legacy and Estate Planning Mistakes to Avoid

A key part of financial planning is estate planning. If you’ve got a solid financial plan, but your estate plan isn’t organized well (or doesn’t exist at all!), you might want to consider looking into putting your plan together. It’s a way to pass your hard work down to the next generation, and with the right design, you might be able to preserve that wealth and boost up your family for many years. If you’re just [...]

Rebecca Mack2024-04-11T19:48:05+00:00April 11, 2024|Estate Planning, Legacy Planning|

Securing a Lasting Legacy: Strategies for Building Generational Wealth

In the complex and ever-evolving landscape of financial planning, the ultimate goal for many individuals extends beyond personal wealth accumulation. It encompasses a profound desire to ensure that their legacy endures through their descendants, manifesting as generational wealth. This ambition, while noble, is fraught with potential legal and financial hurdles, particularly in the realms of estate planning, including wills and trusts. However, a meticulously crafted strategy can help enable individuals to circumvent these challenges, paving the [...]

Rebecca Mack2024-03-27T17:44:42+00:00March 27, 2024|Estate Planning, Financial Planning, Legacy Planning|

5 Things to Help You Get Started on Legacy and Estate Planning

Do you have a plan for what will happen to your assets when you pass away? This may be something that you should be working into your overall financial plan. Without a specific estate plan and legacy plan, you won’t know what is going to happen to your money after you are gone. 1. Think about the good you can do It’s hard to think about wills and estates. No one wants to think about what [...]

Rebecca Mack2024-02-14T17:21:25+00:00February 14, 2024|Estate Planning, Legacy Planning|

Remember the Benefits of Estate Planning

Estate planning can be difficult to think about, let alone plan for. Maybe you’ve avoided putting together a concrete plan because you don’t want to think too far into the future when it’s time to pass on what you have. Or maybe you don’t think an estate plan is necessary because you’re not rich enough to warrant one. The truth is that you will probably leave behind things for your family that are important financially and [...]

Ben Kulis2023-10-27T17:08:11+00:00October 27, 2023|Estate Planning|

A Refresher on Estate Planning Basics

Estate planning is a big deal. It’s a way for us to leave what we’ve built over the course of our lives to our loved ones. Gifts of property and belongings can pass on a sense of family, care, and love and can also help your loved ones financially. So, what is the first and most important thing to do when it comes to estate planning? This may seem obvious, but the first thing is to [...]

Rebecca Mack2023-08-22T23:18:48+00:00August 22, 2023|Estate Planning|

Creating and Maintaining Generational Wealth in Retirement

In today’s fast-paced world, ensuring financial stability for future generations can be a daunting task. However, it is a common goal for retirees to create and maintain generational wealth in retirement. What better way to leave a legacy than to provide financial security? That’s why this article will provide valuable tips and insights to help retirees build a legacy for their families and future generations. The Foundations of Financial Planning Proper financial planning is widely considered [...]

Rebecca Mack2023-06-30T15:14:21+00:00June 30, 2023|Estate Planning, Financial Planning|

What Happens to Inherited Retirement Accounts?

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? You may think that the beneficiary just gets all the money in the account, but unfortunately, it’s not that simple. Retirement account funds will be transferred to a beneficiary, but their [...]

Rebecca Mack2023-05-09T21:00:42+00:00May 8, 2023|Estate Planning, Retirement Income, Retirement Planning|

Protecting and Passing Down Your Financial Legacy

When it comes to passing on your wealth to your family, it is important to know the best ways to manage the process. An estimated 90% of wealthy families lose their wealth by the third generation, so if you are planning on leaving behind assets to your family, knowing the unique risks to the affluent investor and considering strategies to maintain your wealth within your family can be very beneficial.[1] However, wealth transfer is not just [...]

Rebecca Mack2023-02-18T03:42:30+00:00February 10, 2023|Estate Planning|

Trusts vs. Wills – What’s the Difference?

Planning for after your passing can be difficult. But creating a plan for what happens to your estate is highly important for your family and your legacy. If left unattended, your estate can potentially be caught up in arduous court processes and cause disputes amongst your loved ones – and you don’t want to be remembered for that. Therefore, it’s important to start with the basics when legacy planning. So, let’s talk about trusts and wills. [...]

Rebecca Mack2022-09-21T15:26:16+00:00September 21, 2022|Estate Planning|