Our Wealth Managers understand the gravity of the fact that you have spent a lifetime working diligently to build wealth in pursuit of financial independence. Estate Planning is quite simply about the accumulation, preservation, and subsequent transfer of that wealth to your children, their children, and so on for generations.

InVestra provides the means of developing and implementing the master plan that will facilitate the distribution of your wealth to your loved ones and provide for the future well-being of the ones you care about the most. Meticulously customized and designed, our estate plans can help minimize taxes while you are alive, reduce estate taxes and minimize probate fees after your passing, and ensure that your assets get to your loved ones and dependents as quickly and efficiently as possible. InVestra can even help future generations effectively manage your family’s wealth.

Our Focus is on Building Relationships

Your Wealth Manager will guide you through the intricate landscape of Estate Planning by facilitating connections with other specialists, such as estate planning attorneys and accountants. These connections are essential because estate planning often involves intricate legal processes, intricate tax considerations, and complex documentation.

By collaborating with our team of specialists, our Private Wealth managers are able to ensure that each of our clients receives advice tailored intricately to their unique circumstances. Wealth Managers act as the bridge between the client’s financial goals and the legal intricacies, ensuring a comprehensive estate plan that can safeguard their legacy and assets for future generations. This teamwork is a testament to the holistic approach to wealth management that we utilize, which prioritizes the client’s best interests and long-term financial security.

Estate planning is considered an essential part of any sound financial plan. Reaching beyond simply the transfer of wealth, it can also provide crucial guidance for other important needs, including:

Children who are minors or who have special needs
Spouse that is financially inexperienced, uncomfortable or incapable of handling financial matters
Business owners
Property owners in more than one state
Intent to contribute to charity
Special property such as artwork or collectibles
Privacy concerns
Avoidance of probate

The Private Trust Company*

Simplified Trust Solutions

Your financial professional’s role is to support everyone, not to replace anyone. Your financial professional will work with you and your tax and legal advisors, helping to coordinate and communicate your complete financial picture. The drafting of your trust document will be done by your estate planning attorney.

The Private Trust Company (PTC) is a corporate fiduciary that can serve as a professional trustee, co-trustee, agent for trustee, estate representative, estate guardian/conservator. As part of LPL, PTC’s services integrate seamlessly with your investment management.

PTC is available to administer your trust once it’s properly drafted. You can continue to benefit from the judgment of your trusted financial professional, while your family’s wealth is protected by a knowledgeable trustee.

Named the largest of America’s Most Advisor-Friendly Trust Companies by Wealth Advisor magazine,** PTC is dedicated to serving families and individual clients, along with trusted partners, by providing expertise across all aspects of trust administration. PTC’s competitive advantage is to deliver fully integrated administrative trust services to you in a seamless manner while maintaining a relationship with your trusted financial professional.

** Based on total assets, as reported in Wealth Advisor magazine, April 2023

The Trustee: A CEO for Your Estate

The trustee’s role is to administer and distribute the assets in the trust according to your wishes, as expressed in the trust document. There are three primary elements to the trustee’s role:

Custody of Assets

The custodial role is that of a financial secretary and security guard. The trustee must identify and then take title to the trust’s assets, keep accurate records, report to the current beneficiaries, execute and settle all transactions, protect and insure the property, and defend the trust against claimants. The trustee oversees the preparation of appropriate tax returns and all of the trust accounting in compliance with complex state and federal laws.

Asset Management

The trustee is ultimately responsible for the preservation and investment of assets in the trust, ensuring that invested assets are productive and managed appropriately given the trust’s objectives. The trustee has the legal responsibility to reassess the objectives of the trust and current market conditions at least annually, and to be sure that the investments match those objectives. Trustees will often hire professional managers to handle day-today specialized activities, such as real estate management. The day-to-day investment management is delegated to your trusted financial professional.

Administration

The administrative role is central to carrying out your wishes regarding the use of assets in the trust. The trustee carries out your directions and follows your guidelines in handling the specific circumstances of each request for funds from trust beneficiaries. This involves legal interpretation of the language in the document and appropriate input from family members. Experienced and objective trust administration and recordkeeping are vital components to implementing your plan. The day-to-day relationship management is also handled by your trusted financial professional.

The ESTATE Process

The ESTATE Process shows you some of the details and complexity involved in a clear, understandable manner so there are no misunderstandings. A brief summary of the steps:

E— Evaluate. We review the documents and assets involved to assess the task.

S— Set Expectations. Upon acceptance, we define the process, steps, and timing.

T— Team. We assemble the right team of professionals to get the job done.

A— Assets. We create a detailed inventory of all the assets and liabilities and obtain valuations and appraisals, as well as manage and safeguard the assets and handle any creditor issues.

T— Tax. We ensure that the appropriate trust tax reporting is done, money saving elections are completed, and payments are made.

E— Execute. We carry out the administration of the trust or probate estate in accordance with its terms and all applicable laws.

* The Private Trust Company, N.A. is an affiliate of LPL Financial. PTC-1464800-0323

* LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

Planning for Your Loved Ones

InVestra understands that planning your estate may not be a comfortable discussion, so let our Wealth Management Professionals help you to get through it in a dignified and orderly fashion.

Comprehensive Estate Planning: Beyond Wealth Transfer

It’s not easy to navigate the complexities of family wealth, but with open communication and the guidance of a trusted Wealth Management Professional, you can begin these important conversations and help set your family up for wealth transfer success. InVestra can help with these critical areas in the transfer of your wealth: