In its simplest definition, estate planning is making a plan in advance and naming whom you want to receive the things you own (your car, home, real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions etc...) after you die.  Of course, life is not that simple and neither is estate planning.  We at Summit Investment Advisors believe that having more than just a simple plan in place can save your heirs time, grief and a lot of money.  Some of things we review with you when putting together your plan:



  • Estate Planning
    Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.  
  • Living Trusts
    A living trust can help control the distribution of your estate upon death.
  • Avoiding Probate
    The probate process can be lengthy and complex. There are strategies you can use to help avoid the probate process.
  • Property Ownership
    Sole ownership, joint tenancy, tenancy in common, and community property have special benefits for property owners.
  • Charitable Giving
    To retain the tax advantages associated with charitable giving, your gift must be made to a qualified organization.
  • Benefits of A-B Trusts
    An A-B trust can be an effective way to help reduce estate taxes and preserve family assets for heirs.
  • Wealth Replacement Trusts
    A wealth replacement trust could be used to gift appreciated assets to a charity as well as provide for heirs.
  • Family Limited Partnerships
    One estate planning strategy that families with closely held businesses could consider is the family limited partnership.
  • Paying Estate Taxes
    If you believe your estate will be subject to estate taxes, consider how your heirs will pay the bill.