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Managing Attorney | Sinclair Prosser Gasior
Laura Curry oversees the estate planning and operations departments, ensuring that clients receive excellent care, service, and knowledgeable recommendations.
What are the main topics discussed during daily conversations with clients about estate planning?
During daily conversations with our clients, we typically discuss their family dynamics, the assets they own, how those assets are titled, and their long-term goals. This information helps determine who will manage their affairs if they become unable to, who will inherit their assets, strategies for tax avoidance, long-term care planning, and how they want to leave a legacy.
Why is it important to align your investment strategy with your estate plan?
Aligning your investment strategy with your estate plan ensures that your financial resources are structured to support your long-term goals, such as providing for future generations. Without this alignment, conflicting objectives—like risk aversion versus legacy building—can undermine the success of your estate plan.
What is an example of conflicting estate planning and investment goals, and what can be learned from it?
An example involves hypothetical clients Bill and Mary, who updated their trust to create a multigenerational legacy but later expressed to their advisor that they preferred low-risk investments due to age and health concerns. This conflict shows that without coordination between estate planning and investment decisions, goals may not be realistically achievable.
How often should you review your estate plan and investment strategy? Why?
You should review your estate plan and investment strategy at least every three to five years or anytime there is a significant change in your health, finances, or family situation. Regular reviews help identify potential conflicts, allow you to take advantage of new opportunities, and ensure that your goals remain aligned over time.
At Sinclair Prosser Gasior, we pride ourselves on guiding our clients through every step of the estate planning process, including assistance with asset alignment, which is required to avoid probate and achieve a successful estate plan.
Laura Curry | Sinclair Prosser Gasior; 183 Harry S. Truman Parkway, Suite 104 |; Annapolis, MD 21401 ; 410-573-4818 ; Satellite offices in Bowie, Columbia, and Waldorf ; spgasior.com
