Estate Planning
Definition:
The act of preparing for the transfer of a person's wealth and assets after his or her death. Assets, life insurance, real estate, cars, pensions, personal belongings, and debts are all part of one's estate.
What does this mean for you?
Transferring what you want to who you want, when you want and in the way you want requires more than simply an understanding of the tax code and available legal options. It requires knowledge of your desires for your loved ones and what makes up the fabric of your story. Without this central element, estate planning is nothing more than tools in a toolbox. Petra will seek to understand what you want to accomplish through the transfer of your estate, and will walk closely with you as you work with your attorney to craft the estate plan that is right for you.
Heritage Planning
Definition:
A process that creates a foundation upon which families can plan for and accomplish what matters most to them today, and for generations to come.
What does this mean for you?
It can be worrisome to think about the future of your family's younger generations in relation to the assets that have been accrued over your lifetime. The heritage planning that Petra offers can help put a plan in place to allay those fears. This plan is designed to facilitate wise choices that will unite the family for generations to come.
Educational Planning
Definition:
The process of preparing finances for post-secondary education.
What does this mean for you?
Secondary education is more accessible than ever, but also a good deal more expensive. Planning for this expense can relieve a great burden that could come later in the form of steep debt. Petra will help you plan for the future, so you can take advantage of programs that will benefit you and the beneficiary when the time comes.