Estate planning is not a one-time event, it is a continual process. A personal life change, such as marriage, divorce, or birth of a child, substantial changes in your net worth, or even moving to a new state affects your plan.
Barfield, Murphy, Shank & Smith (BMSS) is here to help you develop your estate plan and be available to adapt your plan as circumstances change. If changes are necessary, we respond quickly to help you alter the estate plan to better meet your needs and the needs of your family and company.
Estate taxes may be drastically reduced and sometimes eliminated with proper and creative planning. It is that type of service you will realize and expect when you work with BMSS.
What is involved with estate planning?
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Analysis of assets
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Asset protection
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Charitable planning
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Consideration of life insurance
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Minimization of taxes, where possible
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Planning for your family’s financial security and funding for education
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Planning for your retirement
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Selection of beneficiaries and guardians
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Selection of executor and trustees
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Wealth transfer to your family
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Will and Trust establishment
Your BMSS estate planning team will include accountants who practice as part of the Estate Planning Council of Birmingham and are Accredited Estate Planners (AEP). BMSS also has Certified Valuation Analysts (CVA) on staff; business valuations are often an integral part of succession planning.
Our estate and tax planning services integrate asset protection strategies. Asset protection planning includes a variety of methods and sophisticated techniques. Both domestic and international jurisdictions are considered.
As your accountant and a part of your advisory team, we will work to understand your situation and then recommend customized asset protection strategies designed to preserve and protect your assets while meeting your overall goals.
BMSS Estate Planning Professionals
Myra Roberts
Donny Donald