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Wealth Management Elgin IL

High net worth individuals and organizations can opt to employ a wealth manager to handle their financial issues, including things like estate planning, taxes, investment management and more. Wealth management services are provided by corporations, financial advisors and multi-licensed portfolio managers. They use wealth management strategies to help their clients grow their wealth and assets as well as to navigate tax law. Wealth managers oversee all the financial affairs of their clients, which can be extremely helpful for those with numerous and diverse financial holdings.

Craig Larsen
AHC Advisors, Inc.
(630) 762-8185
303 N. Second Street, Suite 24
St. Charles, IL
Expertises
Advising Medical Professionals, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners, Retirement Plan Investment Advice, Advising Entrepreneurs
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

Liane Warcup
Clarus Financial Planning
(630) 492-1244
312 W. State Street, Suite 106
Geneva, IL
Expertises
Hourly Financial Planning Services, Retirement Planning & Distribution Rules, Investment Advice without Ongoing Management, College/Education Planning, Insurance Related Issues, including Annuities, Cash Flow/Budgets/Credit Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MPPM

Brian Conroy
SAVANT Capital Management, Inc.
(630) 208-0010
330 West State Street, Ste 3
Geneva, IL
Expertises
Ongoing Investment Management, Advising Medical Professionals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Michael Kabarec
Kabarec Financial Advisors, Ltd.
(847) 934-7777
220 North Smith Street, Suite 220
Palatine, IL
Expertises
Planning Concerns for Corporate Executives, Advising Medical Professionals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CPA/PFS, EA

Carol Pankros
CCP, Inc.
(847) 303-1220
4801 Emerson Avenue Ste. 106
Palatine, IL
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MS

Brian Conroy
SAVANT Capital Management, Inc.
(847) 969-0600
2300 North Barrington Road
Hoffman Estates, IL
Expertises
Ongoing Investment Management, Advising Medical Professionals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Cheryl Krueger
Growing Fortunes Financial Partners, LLC
(847) 230-9636
1821 Walden Office Square, Suite 400
Schaumburg, IL
Expertises
Helping Clients Identify & Achieve Goals, Hourly Financial Planning Services, Middle Income Client Needs, Women's Financial Planning Issues, College/Education Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Stacie Quigg
CCP, Inc.
(847) 303-1220
4801 Emerson Avenue Ste. 106
Palatine, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Kirk Hackbarth
Kabarec Financial Advisors, Ltd.
(847) 934-7777
220 North Smith Street, Suite 220
Palatine, IL
Expertises
High Net Worth Client Needs, Planning Concerns for Corporate Executives, Ongoing Investment Management, Alternative or Private Investments, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

David Theis
Fee-Only Financial Advisors, Ltd.
(847) 359-3300
116 East Slade Street
Palatine, IL
Expertises
Financial Issues Between Generations, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CSA

Wealth Management

By: Jonas Zamora
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

Benefits of Estate Planning

Have you ever been advised that you should have an estate plan? You hear the advice and, like most folks, don’t have a clear idea of why you should have one. I read an article by financial planner Elaine Floyd, which outlines the reasons why you should have an estate plan.

Let’s start with the benefits. An estate plan allows you to:

1. Direct the distribution of your wealth at death. An estate plan allows you to name the people, or charities, that will receive your assets. Otherwise, the courts will decide for you based on the laws of succession in your state.
2. Save on estate taxes. The estate tax still exists at least until 2009. In 2010 it will be repealed but may come back in 2011. This year, assets that total up to $2 million are exempt from federal estate taxes. The top tax rate on assets above that amount is 45%. Keep in mind that state inheritance tax has not been abolished either.
3. Save money on probate fees and keep your privacy. Probate fees can run up to about 10% of your estate’s value. Keep in mind that probate is time consuming and a matter of public record.
4. Protects assets while you are alive. Estate planning strategies can help protect you in case of lawsuits and divorce.
5. Prepare for incapacity. What happens if you are unable to handle making the payments for the care you receive while incapacitated? Who will manage your care and finances? An estate plan can help assure your well being if you become unable to make your own decisions....

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