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Estate Conservation

Effective estate planning helps ensure your estate goes where you want it to.

Many people wrongly assume that they don't need estate planning—they believe it's only for the very wealthy. But the fact is that when you die, the government calculates the value of everything you own, including:

  • Your home and other real estate you own
  • The face amount of any personal or group life insurance policies in your name
  • Savings, investments, and retirement plan assets
  • The value of any personal property such as cash, furniture, jewelry and automobiles
  • Your share of a business

Creating a plan that addresses both estate planning and retirement needs can help ensure that you don’t outlive assets so you can enjoy retirement while still having enough left to pass onto family and charitable causes.

Estate Conservation Specialist

Hunter Gimbel of The Gaber Group

The Gaber Group, a strategic partner of Empire Wealth Strategies, specializes in Estate Conservation, Wealth Transfer, Charitable Planning, Actuarial Design, and Risk Management. Hunter Gimbel, Managing Partner of the Gaber Group, discusses opportunities for advanced planning and the benefits of a cohesive plan. 

Penn Mutual now refers to its insurance professionals as "financial professionals" in place of "adviser."

Did you know that without a good estate plan:

  • State law can determine who inherits your assets
  • The court appoints administrators for your estate
  • Your estate may pay unnecessary taxes and expenses
  • The court appoints a guardian for your children
  • Your family could be forced to sell your assets to pay your estate taxes

You need an estate plan if you:

  • Have assets exceeding the amount exempt from federal estate tax ($5,000,000 - 2011)
  • Own your own business
  • Have minor children or have been married more than once and are still responsible for children from a prior marriage
  • Have dependents who are handicapped, elderly, or who have special or long-term needs
  • Want to donate assets to a favorite charity, institution or other non-profit organization

The good news is that with a sound estate plan, you can help:

  • Ensure financial security for you and your family during your lifetime and after your death
  • Pass on your estate to your heirs according to your wishes
  • Reduce or eliminate taxes, administrative expenses and delays in the transfer of your estate
  • Have the liquidity to cover your taxes, debts and expenses

Common Ways to Transfer Your Estate:

Wills

Trusts

Charitable Gifting