Estate Planning
We Develop the real estate solutions of the future.
With services, insights, and data that cover every aspect of the industry, we craft solutions for clients of all sizes, in every sector, and across every region.
Our Trust & Estate Planning practice focuses on assisting individuals with their estate plans, helping them define and achieve their goals. Our advisors enhance investment performance with exclusive real-time intelligence, connecting you to the right capital and opportunities across all markets and property types.
Our Capabilities
Offering diverse solutions to fulfil the needs of every individual and business.
Advance Estate Planning
REIT & Capital Markets Investment Strategies
Inheritance Tax Advice & Succession Advice
Valuation & Property Advisory Services
Tax Efficient Will Drafting
Trust & Estate Administration
Secure Your Legacy Through Thoughtful Estate Planning
Creating a solid estate plan can ease worries and offer valuable benefits, ensuring peace of mind.
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Reduce potential taxes: Utilizing appropriate insurance, gifting, and asset transfer strategies can help reduce the impact of taxes on your estate.
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Protect your assets: If you are no longer there or unable to speak for yourself, your wishes will have been legally recorded.
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Ensure accurate and timely distribution of assets: Without a will and an estate plan, your assets may be subject to the court's decisions and may involve a potentially lengthy process known as probate.
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Maintain privacy: Avoiding probate means that your assets and distribution do not become public record.
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Provide for loved ones: Ensure that your family and dependents are financially supported according to your wishes.
Estate planning should protect your assets and reduce the tax impact on them after you have departed. By creating a living trust as part of your estate plan, you can prevent your estate from going through the probate process, maintaining your privacy and that of your heirs. Asset protection planning can also help keep your property out of the hands of creditors.
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At PFS, we offer comprehensive tax planning services that are essential to effective estate planning, including strategies to potentially minimize the tax burden for your heirs. Explore our financial education resources and learn about our other life transition planning services by clicking here.
An Essential Component Of A Comprehensive Financial Plan
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PFS can assist you in incorporating your estate plan into your long-term financial strategy.
Our team answers some of the most commonly asked questions
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What are the benefits of starting an education savings plan early?Starting an education savings plan early allows more time for your investments to grow through compound interest, potentially reducing the financial burden when your child reaches college age.
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What is a 529 Plan and how does it work?A 529 Plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Contributions grow tax-free, and withdrawals are tax-free when used for qualified education expenses like tuition, books, and room and board.
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Can 529 Plan funds be used for expenses other than college tuition?Yes, 529 Plan funds can be used for other qualified education expenses, including K-12 tuition (up to $10,000 per year), room and board, books, supplies, and equipment required for enrollment or attendance.
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Are there contribution limits for 529 Plans?While there are no annual contribution limits set by federal law, contributions are considered gifts for tax purposes and may be subject to gift tax if they exceed $17,000 per beneficiary per year (2023 limit). However, a special rule allows for five years of contributions to be made in a single year without incurring gift tax.
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How can I ensure my education savings plan stays on track?Regularly review and adjust your savings plan based on changes in your financial situation, investment performance, and education cost projections. Setting clear goals and periodically assessing your progress can help ensure you meet your education funding objectives. PFS advisory team will always be there to guide you.
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How are 529 Plan investments managed and what options are available?529 Plan investments are typically managed by state-sponsored programs and offer a variety of investment options, including age-based portfolios, static portfolios, and individual fund options. Age-based portfolios automatically adjust the asset allocation to become more conservative as the beneficiary nears college age.
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Do you assist with both domestic and international tax issues?Yes, we provide advisory services on a wide range of domestic and international tax matters. Whether you are dealing with U.S. federal and state taxes or foreign tax regulations, our team is equipped to help you make informed decision.
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What size businesses does Prince Financial Solutions work with?We work with businesses of all sizes, from small family-owned enterprises to large multinational corporations. Our services are tailored to meet the unique needs of each client, ensuring optimal tax strategies for any scale of operation.
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How does Prince Financial Solutions assist foreign companies entering the US market?We help foreign companies entering the US market by providing expert guidance on US tax laws, entity selection, transfer pricing, and tax treaty benefits. Our services ensure that your business is structured in a tax-efficient manner and compliant with all relevant US tax regulations.
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Is there any advisory or consultation fees ?Our first consultation is free, this is for all types of clients who avail our services for the first time. We have highly competitive pricing for our advisory services for all our existing and returning customers.
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How can Prince Financial Solutions help my business minimize its tax liability?Our expert team analyzes your current tax position, identifies opportunities for tax savings, and implements strategies to minimize your tax liability. We provide personalized advice on deductions, credits, and tax-efficient structuring to align with your business goals.
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