Legacy

At Elite Wealth Solutions, we take a comprehensive approach to estate planning, carefully reviewing all assets and implementing strategies to mitigate the potential challenges of probate. Probate is the legal process through which a deceased person's assets are distributed under court supervision. While probate serves an important purpose, it can also present disadvantages, including delays, costs, and lack of privacy. Therefore, we work closely with our clients to set up methods that streamline the transfer of assets and minimize the impact of probate.

First, we conduct a thorough review of the client's estate, including all assets such as real estate, investments, retirement accounts, and personal property. Understanding the full scope of the estate allows us to develop a tailored plan that addresses specific needs and objectives.

To mitigate probate, we employ various strategies, including:

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Trusts, Joint Ownership with Rights of Survivorship, Transfer on Death, Designated Beneficiaries. 

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These are 100% free and easy methods to set up legal transfer of assets. 

By implementing these strategies, we ensure a smooth and efficient transfer of assets that avoids the complexities and disadvantages of probate. Our goal is to provide our clients with peace of mind, knowing that their estate plan is designed to protect their assets and facilitate the seamless transfer of wealth to their chosen beneficiaries in a manner that aligns with their wishes and minimizes administrative burdens.