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Estate Planning

Estate planning can help protect your assets and your heirs from over taxation and expensive legal fees and court costs.

In general, estate planning may include:

  • Creating a will. A will helps to ensure that your wishes are carried out after you’re gone. However, different states have different laws. At RMT Wealth Management, we can work with your Estate Attorney, or if you don’t have one, we can refer you to an attorney.
  • Assignment of power of attorney. Power of attorney is when you authorize someone you trust to act on your behalf. You can give them the authority to make decisions regarding your property and finances. How much or how little authority you give them is up to you.
  • A health care proxy. Like power of attorney, a health care proxy allows you to choose someone you trust to make medical and health care decisions for you. You can give them broad or narrow authority over the decisions regarding your care, and the doctors and nurses must follow their instructions. 
  • Creating a trust (where applicable). A trust allows another party, the trustee, to hold assets on behalf of a beneficiary. There are different kinds of trusts and many reasons why you may want to create one.

For more information on Estate Planning in New Jersey contact Robert Troyano CFP®, CPA and his team at RMT Wealth Management. They are conveniently located in Saddle Brook, New Jersey.

If you’re ready to experience the RMT difference contact us today for your complimentary, no-obligation 60 minute wealth management consultation.

The information contained herein is not intended to constitute legal or tax advice. Tax issues involving retirement plans can be complex.

For specific information that applies to your circumstances you should consult a qualified legal/tax advisor. In accordance with IRS Circular 230 Disclosure, and to ensure compliance with requirements imposed by the U.S. Internal Revenue Service, we inform you that any tax advice contained in this material was not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties under the U.S. Internal Revenue Code or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.

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