Achieving significant wealth rewards you with the ability to provide for future generations and support the causes that are most important to you. But frequently changing tax laws and evolving family dynamics can present significant challenges to wealth transfer planning.
As you shift your focus from acquiring to transferring wealth, chances are you’ll grapple with questions including:
- How do I balance the need to provide for future generations with my desire for philanthropy?
- What is the best way to structure my estate plan1 to address these challenges in a tax-efficient manner?
- Do my beneficiaries have sufficient financial knowledge to manage their future wealth?
- As a business owner, how can I ensure a smooth transition to family members or a business partner?
A Private Wealth Management advisor will work with you and your legal and tax advisors to address these concerns and endeavor to create a tax-efficient wealth transfer plan.1 In fact, SunTrust can assist you in all aspects of establishing personal and charitable trusts, estate administration and settlement, and the wealth education of your heirs and beneficiaries.
SunTrust has helped families like yours with wealth transfer planning.
Case Study 7: Eleanor is a widow who wants to maximize her income and support her alma mater without significantly diminishing her children’s inheritance.
Case Study 8: Grace and Frank want to create an estate plan that will provide for their daughters’ inheritance while supporting a charitable cause.
Case Study 9: Sam wants to transfer his manufacturing firm to his sons, plan for their inheritance and fund his retirement.