We like to think that investment management is a full-time job, and that the average 80 hour a week entrepreneur has little time left to manage his or her money. The primary goal of estate and tax planning is to minimize the impact of state and federal taxes to your assets. With little or no advance planning, your estate can be devastated, causing significant hardship for your heirs. Flagship Bank's Qualified Financial Planners can work with you and your attorney to make sure your estate's assets will be distributed as you intended. Additionally, we can help you to begin planning now for a comfortable future.
Flagship offers a wide range of retirement solutions for individuals and businesses.
A Living Trust is pretty much what it sounds like. It's a legal arrangement which allows you to direct a third party, usually referred to as a Trustee, to manage your assets during your lifetime and continue after your death. A living trust offers you the advantage of enjoying the benefits of your assets while you're alive, while having the security of knowing you have provided financial support for your family or any organization you designate, into the future. A revocable trust offers you more control because it can be changed, canceled added to or withdrawn from at any time. An irrevocable trust offers more restrictions and less control.