FINANCIAL PLANNING

Personal Financial Planning

Life presents a number of financial challenges. Krikorian & Company can provide guidance on how to tackle these challenges. We can help advise you on...

  • How to start saving for retirement, whether it be contributing to a Traditional IRA, Roth IRA, establishing a profit-sharing plan, or determining the right amount to contribute to your employer's 401(k) or 403(b).

  • How to start saving for your child's college education, whether it be establishing a tax-advantaged Section 529 Plan, establishing a trust, or setting up an account for your child that you remain in control of until they are ready for college.

  • How to manage debt in order to save money, whether it be refinancing, consolidating, or prioritizing which debts to focus on in order to save money.

  • How to make sure you and your family are adequately protected if you become disabled or encounter a catastrophic event.

These are only a few of the important areas to consider when determining your financial health. We will be happy to discuss your financial goals and come up with an action plan to help attain your goals.

Estate and Trust Planning

One thing is certain – it is never too early to start thinking about, and planning for, how to ensure that your loved ones are taken care. There are a number of things to consider to protect your assets and minimize exposure to estate tax. Krikorian & Company can assist you by...

 

  • Defining the goals of your estate plan.

  • Determining if a revocable living trust and/or will would be of benefit to you.

  • Avoiding the time and cost of probate.

  • Advising on transferring wealth through gifting to family members.

  • Minimizing your exposure to estate tax by considering...

  • Establishing a family limited partnership

  • Leaving a portion of your estate to charity and/or setting up a charitable remainder trust (CRT)

  • Utilizing a portion of your unused estate tax exemption to transfer ownership interests in assets to beneficiaries during your lifetime in order to maximize estate tax discounts.

 

These are only a few of many items to consider when coming up with the optimal estate plan for you. Your CPA is an integral part of this process. We would be happy to sit down with you and discuss your unique situation and how to best structure a plan that best suits you and your family.

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