The future of your estate includes numerous different components, such as comprehensive plans for any pets, the transfer of your assets, and any minor beneficiaries. But thinking about your future also extends beyond setting aside money for your own retirement. It’s also about ensuring that your stock portfolio investments are safe from risks such as taxes and creditors. With thorough estate planning managed by a Pasadena attorney, you can protect those assets to ensure that they remain available to you and your loved ones.
It may not seem necessary to immediately take a step to shield your stock portfolio investments when there is no threat, but you are taking a proactive step to build a legacy and preserve your wealth.
One major threat to stock portfolios is taxation. Estate taxes and high capital gains taxes could significantly reduce your portfolio value, particularly if those assets will be passed on to heirs. Another threat includes creditors, who can claim your assets in the event of debts or legal judgments.
By knowing about these risks in advance, you can work with a Pasadena estate planning attorney to use strategies to protect your stock portfolio. These strategies could include things such as incorporating tax planning with your estate planning, diversifying your assets, and using trust for protection. The right legal documents play a vital role in protecting your stock portfolio to ensure that your assets are safeguarded and that your wishes are followed.
Contact our Pasadena estate planning lawyers today to learn more about what this process looks like.
