Our Certified
Financial Planners (CFPs) emphasize planning tailored to fit our client’s
needs. Because every individual is unique, each estate plan is too. We educate
our clients about tax and legal structures and advise them on how best to
provide for those they wish to benefit and how to leave the least amount legally
required to the government.
Where document
drafting is required, we work with the client’s own attorney or refer to local
counsel. Some of the structures and documents we advise on include:
• Living Trusts
• Testamentary
Trusts
• Wills
• Marital Trusts
• Charitable
Trusts
•
Generation-Skipping Trusts
• Private
Foundations
• Lifetime Gifts
• Various
Grantor-Retained Income Trusts
• Limited
Liability Corporations or Partnerships
Our CFPs can
assist you in the following ways:
• Compiling a
comprehensive and confidential financial analysis.
• Analysis of
every aspect of your current financial picture in conjunction with the current legal, tax and economic environments.
• Identify any
weaknesses in the current program and provide specific recommendations for
improvement.
Taxes
From a tax
perspective, we can assist in preparing the following:
• Forms 706,
U.S. Estate Tax Return and all related state returns.
• Fiduciary
income tax returns, federal and state, for trusts, estates, conservatorship,
private foundations, and charitable remainder trusts.
• Trust
accountings and accompanying financial statements.
Administration
We assist executors and/or trustees in carrying out the wishes of the deceased
as stated in his/her will or trust.
This often
includes:
• Financial
accounting and reporting
• Inventory of
assets
• Notice to
banks or brokerages and insurance companies
• Preparation of
tax returns
• Distributions
to beneficiaries
Many
times a family member named as the trustee or executor is unwilling or unable to
carry out the responsibility. We help by providing an appropriate level of
service to ensure obligations are met timely and appropriately.
EKCL
Financial Advisors, L.L.C.
The most recent
addition to our service capabilities hinges on our relationship with our
affiliate company, EKCL Financial Advisors, a registered investment advisory
firm.
The formation of
EKCL Financial Advisors provides our clients with two considerable benefits. First, the investment management team at EKCL Financial Advisors will be
supported by the technical expertise of our CPA firm. CPAs have a unique
understanding of investment and financing strategies and of the implications for
tax and life events. We add value to the wealth management process as part of
the advisory team by providing timely information that is easily accessible and
understood. Secondly, because investment advisory services are a rapidly
expanding sector of business bound by a stringent code of standards and
ethics, the relationship between EKCL Financial Advisors and Ericksen, Krentel
& LaPorte's CPAs and consultants can provide valuable peace of mind and a
high level of trust.
