A net worth statement often is a helpful tool for prioritizing assets against short- and long-term goals.

A key element on any net worth statement is the longest of long-term goals: estate planning.  This can be as simple or complex as one needs it to be. 

But speaking generally, as one’s assets grow, the complexity of estate planning grows as well.  One overriding consideration is minimizing the estate’s tax obligations.  This is done with careful planning. 

Complementing estate planning is charitable planning and gifting.  A Fairport advisor can help the types and timing of gifting so that both client and beneficiary enjoy the maximum benefits of this generosity.  This can include, for example, working with the planned giving departments of designated institutions so that the client’s gift is acknowledged in the appropriate way and time.