Tax & Estate Planning

Estate planning is one non-investment issue that can cause financial heartache. Many clients think that if they have established a will, they are covered. However, drafting your estate plan documents is merely the first step. Failing to properly maintain and implement the documents can render them useless.

We begin by asking our clients to provide us with copies of their estate planning documents to review and upload to their own client vault. This enables us to identify mistakes and oversights and ensure your estate plan is comprehensive and complete. Having your documents in your client vault makes it easy to maintain and update these important documents over time so that they are ready and available for implementation when needed.

Note: While Provista Wealth Advisors does not provide specific tax or legal advice, our financial planning role in the implementation process is to help clients target potential mistakes and/or oversights that may then be addressed with your estate planning attorney or CPA.

An effective tax planning strategy is crucial to overall financial health, especially as your tax situation changes over your lifetime. Our team has experience partnering with your CPA to ensure you are maximizing your tax strategy. Applying appropriate tax planning strategies during your working and retirement years can help reduce the taxes you could owe.

We view tax planning as an essential part of our commitment to you. We start by analyzing your latest tax return and identifying potential tax-saving methods that are not being implemented. We proactively partner with you and your CPA by integrating tax planning strategies to help you reach your financial goals.

We collaborate with you and your attorney to help identify the risks, vulnerabilities, and benefits of various estate-planning scenarios and work together to create strategies to better protect your legacy.

Roth conversions can be an effective way to balance taxes before and during retirement, but every situation is different. We use Roth conversion strategy analysis as well as partner with your CPA to determine the best course of action for each individual and family. We also identify key income breakpoints for tax planning opportunities like Roth conversions, tax-efficient withdrawals, charitable giving, and much more.

We help business owners in evaluating and determining whether 401ks, ESOPS, SEP, Simple IRAs, or other types of retirement and investment plans are a good fit to help reduce your taxes, plan for the future, and support your employees. Our expert advisors have experience crafting the right plan for your business.