Protect Your Estate and Avoid Probate
For Mark Roberts’ Use: Do you imagine what will happen to your estate after your death? Undoubtedly, you want your loved once to receive what you’ve left them, and you don’t want it to take a long time. But if your estate is subject to the probate process, the lengthy process could prove to be a hassle and major inconvenience to your heirs.
The job of the probate court is to distribute your assets according to your wishes, and to settle any disputes over your estate. If your estate goes to probate court, the process will generally take anywhere from nine months to two years. Occasionally, a complex estate or one which is subject to a disagreement over distribution of the assets will take much longer to settle. Your heirs will not receive their inheritance until the probate process has been completed. In the meantime, they may incur court and attorney fees.
Once the probate process is complete, your estate will become a matter of public record. Anyone can find out from court records how much money you left to each heir, leaving your loved ones with very little privacy.
Luckily, you can take steps to avoid the probate process entirely. If you establish a trust, you can pass your estate to your heirs while bypassing probate court. There are numerous other advantages to establishing a trust, but you will incur upfront costs and ongoing administrative fees. Trusts are also subject to complex tax regulations, so you will need the counsel of an experienced estate planning professional along with your financial advisor and tax professional.
Consult with your financial advisor about the advantages and disadvantages of establishing a trust. You may be able to pass your estate to your heirs quickly, privately, and without the hassle and expense of formal probate court proceedings.
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In addition to managing clients’ money and giving investment and diversification advice, Mark offers something that “the other guys” don’t - a unique approach to Retirement Tax Strategies and distribution. Time and time again, Mark meets with new clients who tell him they have a great relationship with their financial advisor but have never been offered information on this kind of approach to securing their financial futures. Mark has taken this feedback to heart and works tirelessly to ensure that his strategies focus on taxes and distribution.
Mark started selling insurance for a major insurance company right out of high school to help put himself through college. After graduating with a degree in finance, he dove into estate planning on the financial side to set himself apart from other financial advisors. However, as changes were made to estate tax laws over time, Mark shifted his focus to income tax strategies.
Mark’s philosophy is “the blue prints are more important than the wall paper or carpet.” The wall paper and carpet represent products like investments and insurance policies, whereas the blue prints represent the strategies. Once strategies that truly fit the client’s needs are put in place, our focus can shift to providing you with the right products. According to Mark, “It doesn’t matter what carpet we use if the walls are not in the right place.”
Our approach to money management is designed to generate the largest alpha (quality) with the lowest standard deviation and beta (risk). By doing this, we help provide clients with the highest return on the lowest risk. Generating income for our retirees is also very important. Because withdrawing money from your portfolio hurts the account rather than helping it, our goal is to design income strategies to harm the portfolio the least making the money last longer.