“Most people give minimal thought to one of the most important issues in their retirement plans. The result can be a wildly inaccurate plan.  A goal of every retirement plan is to ensure your income and cash flow last at least the rest of your life. To meet that goal, you need a reasonable estimate of your life expectancy. But in most plans, the life expectancy estimate essentially is plucked out of the air. People generally underestimate life expectancy, according to surveys. Americans believe the life expectancy for their age group to be much less than it really is. Better estimates are used when professionals help prepare a plan. Even then, however, life expectancy is little more than a rough estimate or guess, or to be on the safe side the planner assumes a very long life.”

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Source Credit:  https://www.forbes.com/sites/bobcarlson/2018/07/25/answering-the-most-important-retirement-planning-question/#6c958e781df6


Estate Planning Practice

Estate planning is concerned with the use, conservation and disposition of a person’s property and wealth. The Marsalese Law Group offers expert advice in the areas of estate planning and trust administration. Our estate planning experience is sought by closely held businesses, families and individuals. Entrepreneurs frequently retain our services to coordinate personal, business and estate planning and deal with financial issues in ways that benefit both the family and the business.

The Marsalese Law Group has an active and sophisticated trusts and estates expertise in the handling of all types of estate planning matters, with emphasis on last wills and testaments, revocable and irrevocable trusts, life insurance trusts, special needs trusts, qualified personal residence trusts, family limited partnerships, durable powers of attorney, advance medical directives, and other related estate planning documents.

The Marsalese Law Group also advises clients on other common planning matters include lifetime gift programs, charitable split interest trusts, off-shore trusts, private foundations, grantor retained annuity trusts, generation-skipping transfer tax planning, and life insurance planning, including irrevocable life insurance trusts and split dollar arrangements.

For more on Estate Planning by Marsalese Law Group, click HERE

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