Although Tax Planning and Estate Planning are two separate activities, they are closely linked. The roots of Bircher Financial are in accounting and estate planning. This gives them the in-depth knowledge of tax and insurance strategies that makes them uniquely qualified to assist you in the creation of your estate plan. Bircher Financial will establish your needs and work with your tax specialists and lawyers to create a strategy for your situation.

Why do you need an Estate Plan?

Regardless of your net worth, it is important to have a basic estate plan in place in the case of death or incapacitation. Not only will this ensure your wishes are known and carried out, it will greatly reduce the impact on your family.

What is an Estate Plan?

An Estate Plan is comprised of one or more of the following components depending on your unique situation:
Will: this fundamental document identifies an executor, a guardian for minor children, and outlines how you would like your assets distributed.

  • Trust: required if you have beneficiaries who are not currently capable of managing their inheritance – typically young children.
  • Life Insurance: can be used for payment of debts, final taxes, and/or funeral expenses.
  • Power of Attorney: identifies the person who will make either medical or financial decisions if you have become incapacitated.
  • Living Will: used to make medical decisions concerning life support and medical care.
  • Funeral Arrangements: helps your family to know how you would like to be remembered.
  • Business Succession Plan: a well thought out plan will provide a smooth transition for heirs of businesses.