Estate Planning Services
Estate Planning, the Unspoken Necessity
Nobody wants to talk about estate planning because it requires the acknowledgement that you must be gone for it to take effect. However, failure to address it entirely can cost your family dearly in time and money. McCabe & Associates is here to help.
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708.479.7755
Lacking An Estate Plan Leads to a Mess
Those who do not have an estate plan or forget to review it may run into the following scenarios:
- Accounts and assets without beneficiaries may have to go through probate. This creates potential conflict in your estate and can create a more expensive, time-consuming effort to resolve it.
- Many times, people list their spouse as the beneficiary on their 401(k). Forgetting to review your beneficiaries after a divorce means that your ex-spouse will inherit your retirement assets.
- Advanced estate planning means finding ways to mitigate estate taxes. Wealthy families may find their wealth going to the government if they forget to plan properly.
Coordination is the Key to Estate Planning
We find that being proactive with a client’s attorney is the best way to make sure their estate plan is optimized. Here are a few examples of what this looks like in practice:
Account Organization
Our advisors can neatly package a list of your accounts, how they are titled, and their beneficiaries and provide it to your attorney to make the estate planning review process seamless.
Document Interpretation
Complex trusts sometimes require interpretation of the document to ensure that income is properly distributed to the beneficiaries. Our advisors have helped our clients clarify this with their attorney and accountant.
Landscape Monitoring
Keeping an eye out for changes in the estate planning landscape allows our advisors to help clients determine when they should engage their attorney, as it can be costly to do so.
Reviewing Your Beneficiaries: A Game of Many Levels
Improperly addressing beneficiaries can have large cost implications for families. Learn our four reasons why reviewing more frequently could be a good idea.
Let’s Discuss Your Estate Planning Needs
Using our virtual family office, you can meet with our advisors from the comfort of your own home while receiving the same level of service you deserve.
The McCabe Difference
We offer tailored experiences for high-net-worth and ultra-high-net-worth individuals.
We take a collaborative approach with other professionals.
We embrace traditional and cutting edge technology to match the times and offer you better solutions.
We prefer a depth of expertise in fewer areas, to being generalists.
We have over 40 years experience in this industry helping hundreds of clients.
Schedule A Meeting
Schedule a meeting with our advisors by using our Second Opinion Service, our advisors’ Calendly links, or simply call our office main line.
Meet With Your Advisor
Meet with your designated advisor virtually or in-person to get to know each other and the rest of your family. Many times, a follow-up meeting will be beneficial so you know the value that will be provided before you become a client of the firm.
Complete Our Onboarding Process
Assuming you and the advisor see the potential for a long-term relationship, our staff will guide you through our onboarding process to set up accounts with our custodian and join our portfolio monitoring system, Black Diamond.
Frequently Asked Questions
Does McCabe prepare trusts and wills in-house?
We believe it is important that our clients have a separate professional prepare their trusts and wills so that we can focus on other areas of clients’ planning.
What if I already have an attorney? What if I am in need of one?
Many people meet great attorneys before they meet us. We encourage an introduction to your attorney so we can help you properly plan. We have also vetted strong referrals for those individuals that do not have or want to switch attorneys.
When should I be focused on my estate planning?
It can be good to review your estate plan every 3-5 years, but significant life changes (marriage, divorce, death, etc.) can be markers for a need to review your current estate plan.