Brad Stanek and Paulina Matel, Financial Advisors for the Stanek-Haack Group at Morgan Stanley, present an alternative definition of wealth management in their article series, shifting the focus from traditional investing to a more comprehensive approach known as Advanced Planning.
This method incorporates four key pillars: Wealth Enhancement (minimizing taxes and optimizing debt), Wealth protection (securing against financial threats), Wealth Transfer (planning for asset distribution), and Charitable Giving (maximizing donation impact).
In the latest part of this series, Wealth Transfer is discussed as a crucial strategy for protecting and transferring a dealer’s personal and business wealth. This includes having an estate plan that is up to date, is tailored to your unique personal needs, and is reviewed regularly as tax laws and your person situation changes. Regular reviews of your estate plan are essential to ensure that you are protected and that your assets tax efficiently pass to your loved ones. The series offers a complimentary Second Opinion Service to evaluate and identify potential gaps in your estate plan. For important information, and to take advantage of these valuable insights, please click here for an article that summarizes its content and key takeaways.
Your NPDA contact is Brad Stanek. He can be reached at
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