Wealth Management Silver Spring MD

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.

Denise Leish
Money Plans
(301) 589-4250
8701 Georgia Avenue, Suite 710
Silver Spring, MD
Expertises
Ongoing Investment Management, Middle Income Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, MBA

John Dolan
Dolan Financial Corporation
(301) 495-5900
8455 Colesville Road, Suite 710
Silver Spring, MD
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BA, CFP®

Susan Fulton
FBB Capital Partners
(301) 657-8870
4520 East West Highway, Suite 450
Bethesda, MD
Expertises
Ongoing Investment Management, Socially Responsible Investments, Women's Financial Planning Issues, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, CFP®

Jay Levin
Investment Planning Associates, Inc.
(240) 430-3000
11140 Rockville Pike, Suite 600
Rockville, MD
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, College/Education Planning, Divorce Planning, Planning Issues for Unmarried & Same-Sex Couples, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

Thomas Conway
Connemara Fee Only Planning, LLC
(301) 998-6595
1700 Rockville Pike, Suite 400
Rockville, MD
Expertises
Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Investment Advice without Ongoing Management, Estate & Generational Planning Issues, Planning Issues for Business Owners, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

Steven Thalheimer
Thalheimer Financial Planning
(301) 589-6868
715 Boundary Avenue
Silver Spring, MD
Expertises
Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Planning Issues for Unmarried & Same-Sex Couples
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MA

L. Edward O'Hara
Capital Asset Management Services
(301) 680-0840
12510 Prosperity Drive, Suite 150
Silver Spring, MD
Expertises
Ongoing Investment Management, Middle Income Client Needs, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, EA

Mary Malgoire
The Family Firm, Inc.
(301) 656-3999
8120 Woodmont Avenue, Suite 630
Bethesda, MD
Expertises
Retirement Plan Investment Advice, Women's Financial Planning Issues, High Net Worth Client Needs, Advising Medical Professionals, Ongoing Investment Management, Planning Issues for Unmarried & Same-Sex Couples
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Kathleen Hastings
FBB Capital Partners
(301) 657-8870
4520 East West Highway, Suite 450
Bethesda, MD
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Concerns for Corporate Executives, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CASL, CFP®, ChFc, CLU

James McGrath
Financial Strategies, Inc.
(301) 984-7750
11300 Rockville Pike, Suite 1208
Rockville, MD
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Divorce Planning, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU, CPA

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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