Is it better to leave our inheritance to our children in trusts? We don’t want something complicated.
There’s no doubt about it, for most people today life is complicated. That includes your financial life. Having a trusted, objective and independent wealth advisor gives you the peace of mind of addressing the issues in your financial life in a disciplined, organized and comprehensive way. Texas Asset Management makes sure important issues aren’t overlooked, or pushed to the back burner because they seem too difficult or even overwhelming.
We offer planning in these areas:
Retirement
How can I enjoy my current standard of living for as long as I live?
...I hate losing money. Do I really need to be in the stock market in retirement?
Texas Asset Management helps you become better prepared for the financial challenges of life during retirement. We assist you in evaluating your assets, income streams, tax rates and your specific goals and concerns.
Taxes
Income taxes are probably my biggest expense. Isn’t there something I can do about this?
Unfortunately, income taxes are higher than anybody would like. However, the tax code provides a number of opportunities to reduce your overall tax burden. Our team of advisors stays abreast of the ever-changing myriad of tax laws. Some of our effective tax strategies include: proper timing of capital gains and losses, making Roth conversions when appropriate, identifying overlooked tax deductions, and taking advantage of various tax credits.
Wealth Transfer & Estate Planning
My husband has always handled our finances. If he dies before I do, should I ask my children to help manage my finances?
… I know my daughter will be responsible with her inheritance, but her husband worries me.
… What are intelligent tax strategies for avoiding or reducing estate and gift taxes?
… If I were to fall ill, who would make decisions about money?
These are examples of issues we address everyday while helping clients ensure their own financial security and that of the people they treasure.
Risk Management
We live in a litigious society. What are reasonable steps we should take to protect ourselves?
Managing risk is an important element of financial planning. We can help identify potential risk exposures in the areas of legal liability, life, health, disability, and long-term care. We can also help determine if a client is taking full advantage the protections afforded certain types of assets under state and federal law.
Philanthropy
My college wants me to put money in a charitable trust. What are the pros and cons of that?
We help you through a myriad of tax questions relating to charitable giving so that your generosity can stretch as far as possible. Together, we’ll design a wealth transfer plan that supports the causes, issues and organizations that matter most to you.