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Financial Planning & Estate Planning In Connecticut

Financial planning is a way of taking control over your money before events like a divorce or death create serious financial issues. Estate planning is used to plan how assets…

January 3, 2023

Written by Kevin

Financial planning is a way of taking control over your money before events like a divorce or death create serious financial issues. Estate planning is used to plan how assets get dispersed in the case of death and is most often used by wealthy individuals. However, both are important for anyone who wants to maintain control over their finances and create stability for their family. Those who die without a plan can get subjected to the tax records of their state, which may lead to the loss of funds.

At Nesso Wealth, we understand how difficult it can be to plan for the future, especially when it comes to your finances; that’s why we offer financial and estate planning services in Connecticut. We’ll put our decades of experience to work for you, helping you make the most of your assets and protect your wealth. We know the ins and outs of the financial world, and we’ll be happy to answer any questions you have. Contact us to learn more about how we can assist you in your pursuit of financial freedom.


Understand Our Financial Planning Services

Some financial planning services and procedures get undertaken to protect your assets if you die or divorce. Financial planning can be as simple as a will, or as complex as an estate plan with multiple trusts. No matter how big or small your wealth may be, Nesso Wealth can help you make the right decisions by gathering all the necessary information and discussing your options. We’ll help you use your wealth wisely and plan for your future.

Our team of financial planning experts will consider your current situation and future goals to develop a personalized plan that fits your needs. We’ll work with you to assess your risk tolerance and invest accordingly. And we always keep an eye on tax laws and regulations so we can take advantage of any new opportunities or strategies that might benefit you. After all, our goal is to see our clients succeed financially.

Importance Of Our Financial Planning Services

Getting Ready For Retirement

Getting ready for retirement is a big worry for many people. It’s important to take the time before you retire to ensure you have enough money in the bank to survive once your income stops. It’s also important to understand that most people don’t have enough money saved up for retirement and this can cause hardship if you don’t have any other income streams. Nesso Wealth can help you prepare for retirement by figuring out how much money you need to have saved and investing your money wisely.

Dealing With Divorce

Divorce is never easy and much harder when kids are involved. It can be hard to work around the children and it may get quite messy when dividing assets. Having a financial planner like Nesso Wealth will help you deal with these issues and ensure you’re not being unfairly penalized by the courts.

Paying For Your Children’s Education

Paying for a child’s education is a huge financial commitment. Our financial planning allows you to save for your child’s college fund and reduce these expenses as much as possible. In addition, our estate planning will allow you to pass on assets and money to your children, which can greatly help in these situations.

Tax Planning For The Wealthy

Tax planning is also a crucial part of financial planning, as it can significantly reduce taxes. Nesso Wealth can help you set up trusts and take advantage of other strategies to minimize your tax burden. It will allow you to keep more of your wealth and pass it on to your family when it’s time.

Hiring Skilled Professionals

Pursuing your financial goals can be overwhelming. It gets even more difficult when you have to do it without help, as you may be unable to make the most of your money. Working with Nesso Wealth to help you in wealth management will allow you to see these situations more manageable.

Plan For Your Children’s Future

When planning for your children’s future, you want to ensure that you do everything possible to set them up for success. Many parents know their children will have difficulty finding a job after graduation. Our financial planning services can help you set up a trust fund or set money aside for your children in their time of need.

Planning For The Death Of A Spouse

Planning for your spouse’s death is a very personal issue that can be difficult to deal with. Having a will in place allows you to ensure that their property and assets are passed on according to their wishes. Nesso Wealth understands the ins and outs of estate planning and can help you through this tough time.

Understand Our Estate Planning Services

One of our specialists can guide you to make the right decisions regarding your assets. If you have a large sum of money, it’s prudent to plan how to use that wealth to benefit your family and those who depend on you. We can also help distribute your wealth so that everyone involved gets treated fairly. Wills are prevalent ways of planning for the distribution of wealth, but there are other instances in which you may need more legal documents too.

Importance of Estate Planning

Reducing Taxes

Our estate planning service is important because it allows you to reduce the taxes you pay after death by spreading your assets among your family members. With our help, you can keep your assets within the family, which may increase their value.

Transferring Assets

Estate planning involves transferring assets from one individual to another in the case of death or divorce. It could mean that one parent leaves all their money with their children, leaving them well off in the future. It’s a great way for parents to ensure that their children are cared for after passing away.

Protecting Your Family

Nesso Wealth’s estate planning is important for people with children of their own or elderly parents. Setting up a plan can help you manage the inheritance and ensure everyone is properly cared for. It’s also important to plan for illness and death.

Protects Your Assets

In the event of death, the state of Connecticut may take up to 45% of your estate, leaving less for your heirs. Using one of our estate plans allows you to control what happens when you die and will help protect your family from this. We’ll also protect your assets from creditors by making sure that your debt gets paid off promptly.

Presenting A Separation Agreement

You can use the estate plan we design to present a separation or divorce agreement before finalizing it. It allows both parties to have a say in how their estate is divided and can be used in court if necessary. It can be beneficial in keeping both parties happy and will likely result in a more fair outcome.

It Avoids Confusion About Inheritances

Confusion is avoided by leaving an official record of the estate in case there are any disputes over how the estate should get distributed. We help to guarantee that everything goes smoothly and according to plan, which is important for families who want to ensure their loved ones get the things they need.

Enjoy A Comfortable End-Of-Life-Care

Nesso Wealth’s estate planning also allows you to look for the future before and after death. You can guarantee that your money will go to the right people, and that your body won’t get abused by the medical. It will help you live a more comfortable life and keep yourself in peace.

Our Wealth Management Process

Before we can start designing the financial or estate plan, we need to understand your wealth and your goals. We’ll get to know you and your family so that we can find the best way to protect them. Some questions you can expect us to ask are:

  • What are your long-term goals?
  • How much debt do you currently have?
  • Do you plan on having children in the future?
  • What are your thoughts about retirement?
  • What’s your current job situation?

We want to know everything about your financial situation to keep our advice as accurate as possible. After that, we’ll create a custom plan that’s tailored to your needs. Once the plan is in place, we’ll review it with you so that you’re comfortable with it. From there, we’ll implement the plan and make sure everything goes smoothly. You’re never alone in this process, and we’ll be there to guide you step by step. Regardless of what situation you’re in, we can find a way to coach you and help you pursue your financial goals.

Gain A Team Of Professional Wealth Managers In Connecticut

You can do many things to ensure that your family is taken care of if something happens to you. The main thing is communicating with your family about your wishes so they know exactly how you want things handled. Nesso Wealth can be of great help when it comes to financial planning. Many people decide not to plan their estates because they’re uncomfortable with the idea of death, but this can affect their loved ones even more. Nesso Wealth helps in proper financial and estate planning to ensure the best possible future for you and your family members.


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