How often should a plan be revisited?
Financial planning is an ongoing process. As rules and laws are modified, the opportunities and challenges that you face also change. The process should continue throughout your lifetime and on to succeeding generations.
The area of estate planning has seen enormous changes in a short amount of time. In December 2010, legislators passed a law allowing the first $5 million of an individual’s estate — $10 million for couples — to pass to heirs tax-free in 2011 and 2012. In addition, the top estate tax rate was set at 35 percent, down from the 2009 rate of 45 percent and far less than the scheduled 55 percent. Currently, unless Congress takes action, the law will sunset at the end of 2012. As a result, a strong financial plan, coupled with appropriate estate planning, may be critical to navigating the future. The best time to get your plan is today, so don’t waste time in finding an appropriate financial expert to get started.
Financial planning services are offered through Associated Investment Services, Inc. (“AIS”), a registered investment adviser d/b/a Associated Investment Services Group in Minnesota; Associated Trust Company, N.A. (“ATC”); and Associated Bank, N.A. (“AB”). AIS, ATC and AB are affiliates of Associated Banc-Corp.
Terms and conditions may apply to financial planning services. Associated Banc-Corp and affiliates do not give legal, tax or accounting advice; please consult professionals in those fields for information specific to your situation.
Deposit and loan products are offered by Associated Bank, N.A. Member FDIC and AB-C. Equal Opportunity Lender.
Doug Myers is senior vice president, private banking group manager at Associated Bank. Reach him at (312) 565-5261 or [email protected].
