Estate & Trust Management
At Financial Insights Wealth Management, we help clients oversee trust assets while working with professional fiduciaries to support their estate and legacy goals.
From managing trust assets to connecting clients with professionals that can assist with estate management after the loss of a loved one, we aim to ease the complexity of navigating the world of estates and trusts to simplify clients’ lives.
Connections to Estate Planning Professionals
We work alongside clients’ estate planning professionals and attorneys to help them ensure their estate plan is aligned and up to date. We are happy to:
- Provide referrals to estate planning attorneys and corporate trustees in the Tacoma area
- Sit in on estate planning meetings with attorneys (and if needed scheduled these meetings for clients)
- Provide a basic overview of different trust types to assist clients in their conversations with estate planning attorneys (we do not provide legal advice and cannot act as estate/trust fiduciaries)
If a client’s spouse or a loved one passes away, we’re often the first point of contact to assist them in handling complex administrative tasks and providing compassionate support during a challenging time.
Trust Asset Management
We recommend working with your estate planning attorney to choose the most suitable type of trust for your situation. We can then help you invest and manage the trust assets per the trust document, including sending out trust income as dictated by the trust or trustee’s instructions.
If you’re a Washington state resident, we can also provide guidance on planning for the Washington estate tax.
Wealth Management for the Next Generation
We believe in the importance of helping our clients’ future heirs understand the value of financial preparedness and planning, preserve and grow inherited wealth, and continue the legacy of financial success.
We also understand how important it can be to ensure that the next generation has access to a trusted advisor’s guidance to ensure the family is on the same page when it comes to wealth management and estate planning. That’s why we:
- Work closely with the children of our clients to provide wealth management services at a reduced family fee.
- Facilitate family meetings prior to passing and work with personal representatives to facilitate smooth distribution of assets and trust funding & management for the next generation.
- Offer educational resources and one-on-one guidance to help younger family members understand the complexities of wealth management.
- Assist in navigating the tax implications of inherited wealth, offering strategies to minimize tax liabilities and maximize financial efficiency.
Our commitment to guiding our clients’ families extends beyond initial planning. We provide ongoing support and periodic reviews to adapt to changes in financial circumstances, goals, and market conditions, ensuring that the financial strategy remains aligned with their evolving needs.