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Why Everyone Needs an Estate Plan

Through our comprehensive estate planning analysis, you can be confident that you’re ready to transfer your wealth to the next generation.
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KEY ELEMENTS

Estate Planning and Wealth Management: The Basics

Holistic estate planning incorporates both legal and financial strategies that direct how an individual’s assets will be managed during incapacity or after death. A sound estate plan should incorporate efficiency, tax savings, asset protection, family values, and clarity of purpose. At BIP Wealth, we help guide you in considering the key elements and develop a plan that serves your family’s goals.
Financial Planning Atom
Because everyone’s estate looks different, our estate planning advisors carefully consider your family’s needs and goals when determining the right strategy.
This governs the transfer of your assets that do not name a designated beneficiary and do not have a joint owner. For example, your Last Will & Testament could designate your child as the beneficiary of your home. This is an effective tool but is subject to the probate process.
This names an agent, or “attorney-in-fact,” who will act on your behalf if you cannot. Your agent can make decisions on your behalf on all financial and other matters outside of healthcare.
This names a healthcare agent who will act on your behalf regarding healthcare decisions if you cannot. The healthcare directive also allows you to state your preferences for end-of-life care.
Trusts come in many varieties and may solve any one or more issues including avoiding probate, ensuring efficiency, minimizing taxes, and protecting assets from creditors.

BIP Wealth's Approach

A partnership with BIP Wealth gives you exclusive access to our expert financial advisors and in-house Estate Planning Advisor, Sarah Watchko. Together, we’ll assist with the review and analysis of your existing plans, provide recommended strategies, and partner with attorneys in private practice who can implement the plan.

Minimize Taxes and Legal Fees

We can help you implement a plan to reduce the amount of your taxable estate using annual gifting, trusts, and other strategies.

Prevent Conflicts Between Beneficiaries

By organizing your estate and establishing beneficiaries ahead of time, you can help ensure a smooth transfer of your estate.

Navigate Strategies

Estate Planning is not a one-size-fits-all endeavor. We can help you explore the strategies that are most suitable to your particular situation.

Create Generational Wealth

Estate planning and wealth management don’t just help you pass down wealth. A good plan also ensures that your legacy is protected from risk and preserved for generations to come.
SECURING THEIR FUTURE

Estate Planning and Special Needs

Families with young or adult children with special needs have unique planning challenges—and estate planning is no exception. Incorporating Special Needs Trusts as part of a comprehensive estate plan helps ensure that loved ones remain eligible for valuable government benefits and that the management of assets is in trusted hands.

Our in-house special needs estate planning team is led by veteran Atlanta Estate and Special Needs Planning Advisor, Sarah Watchko. She can help guide your family through the process of securing your loved one’s financial future by reviewing various strategies and helping you partner with private attorneys to help execute your plan.
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Frequently Asked Questions

If you do not see your question answered below, do not hesitate to reach out to our team!

What does the estate planning process look like?

Because estate planning is not a one-size-fits-all solution, it is an ongoing process that considers factors such as the type and value of estate assets, family dynamics and circumstances, needs of beneficiaries, and an individual’s unique goals and values.

How does BIP Wealth help with estate planning?

While your individual attorney will handle the execution of your estate planning documents, BIP’s experienced advisors will help you navigate the many strategies available and provide guidance through the implementation of your plan.

What are the potential risks of not having an estate plan?

Although an estate plan is not required to pass down your assets, without one, the process and beneficiaries are determined by state law rather than your individual preferences. This often leads to higher administrative expenses and tax bills as well as conflict among family members.

How much does estate planning cost?

The cost of your estate planning depends on several factors, including the complexity of the plan, your individual circumstances and goals, and the time needed to complete the plan. Some estate planning attorneys charge hourly fees, while others offer ‘flat fee’ packages. At BIP Wealth, we partner with many estate planning attorneys in private practice and can help you find an attorney that best suits your needs.

Find Holistic Estate Planning Services Near You

We proudly serve clients across the country with estate planning and intergenerational wealth planning.
Atlanta
3575 Piedmont Road
Building 15, Suite 730
Atlanta, GA 30305
Alpharetta
2500 Northwinds Parkway
Building III, Suite 100
Alpharetta, GA 30009
Columbus
2101 Brookstone Centre Parkway
Suite 200
Columbus, GA 31904
Nashville
1222 Demonbreun Street
Suite 1425
Nashville, TN 37203

Connect With Us

Want to learn more about how BIP can help you with your estate planning and wealth management needs? Reach out to our team.
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