Estate Planning

Estate Planning is an often-overlooked aspect of financial planning. Proper planning can leave your family with a secure worry-free financial future. When a plan is properly structured, you can leave a family legacy that will last for generations. However, be aware that without proper planning, the IRS will take their share of your estate and your assets can be held up in probate for years.

At Damico Integrated Wealth Management, you will work with a team of specialists who will help you to prepare and execute an estate plan that is right for you and your beneficiaries. An often-overlooked aspect of estate planning is the fact that insurance documents and other similar contracts may supersede the wishes that you may have outlined in your living trust or will. Making sure that all your beneficiary forms are in order, that you are transferring your assets in the most tax efficient manner, and that you have a continuity plan in place to ensure that your loved ones are taken care of while your estate is making its way through the courts is vital. Mauro D’Amico has been involved in preparing Estate and Fiduciary tax returns as well as ushering the transfer of assets to the next generation for more than 25 years.

Tax Planning

After analyzing your financial situation or plan, it is important your financial advisor also looks over the best tax plan for those actions and strategies you have decided on. Each element of your financial plan should work together in a way that leaves you spending as little as possible on taxes. The most successful plans are those that work to reduce tax liability and maximize the amount you are able to contribute to savings accounts. This is known as a tax-efficient plan, and it is a critical, often overlooked component for a well-rounded financial plan.

We help to elevate your portfolio through tax-managed index strategies, find any inefficient tax holdings to allocate them appropriately, reduce tax implications to maximize your income in retirement, and update your estate plan to ensure that your heirs do not lose out to taxes, as well. Tax planning can help mitigate losses and maximize gains. It starts with knowing what your options are.

In the past, tax planning has been reserved for the ultra rich, leaving the middle of America conflicted and confused when it comes to tax efficiency. At Damico Integrated Wealth Management, we wish to close that gap. Through new tools and techniques, we can make advanced tax planning more affordable and accessible to those who need it most.

Give yourself and your loved ones the peace of mind that comes from knowing you have a sound financial plan that takes care of them when the time comes. Start the process today. Call 818-839-5335