| Ensuring that there is an estate to preserve is Step One. |
Haas, Haas and Associates have been building and preserving wealth for over 50 years through its proactive approach to estate planning. With our personal financial needs assessment, we will recommend the appropriate products to meet your wealth accumulation goals, both short-term and long-term.
| Strategic Estate Planning |
Important regardless of your net worth. Planning ahead for typical issues that arise after you are gone relieves unnecessary complications for those left behind. From tax-free gifts to special needs trusts, Haas, Haas + Associates can help you continue to provide for your family after you are gone. We work in concert with your accountant and/or legal team in designing an estate plan that minimizes survivors’ expenses, limit fee and tax exposure and ensure that remaining assets are transferred without delay.
| Annuities to Meet Your Specific Goals |
Annuities are contracts whereby the owner (or a couple) receives regular payments over a period of time equivalent to the principal value plus investment growth within the contract. Annuity payouts (and taxes) may be deferred until a later date or paid in as early as one year after the annuity is established (immediate annuity).
There are two primary types of annuities:
Fixed: Provides a regular payout based on a guaranteed minimum interest rate, best for investors with low risk tolerance who seek wealth preservation or an addition/alternate to other fixed income vehicles.
• Medicaid Annuity: An immediate, usually short term annuity used to protect assets against the high cost of nursing home and long term care facility costs. A Medicaid Annuity allows the “community spouse” a fixed monthly income for a fixed period of time, after the assets are transferred to a third party insurance company, which in turn makes the patient immediately eligible for Medicaid to pay the facility costs.
Variable: Long term investments designed for retirement. Upon annuitization, provides a monthly payout based on market performance of the underlying portfolio you chose, offers multiple options for payout (including lifetime income stream), best for investors with medium to high risk tolerance who seek maximum growth potential.
• Equity-indexed: Combines a guaranteed minimum interest rate and the potential to grow, with returns indexed to a specific equities market index such as the Standard & Poor’s 500, reduced by certain expenses. Best for investors with low risk tolerance who seek greater growth potential than other fixed indexed products.
We recommend that you consult an Elder Care Attorney for legal advise.
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