Private bankers are essential to the estate planning process in several ways. They’re different from personal bankers and estate planning attorneys because they could be considered “non-binding partnerships.” A non-binding partnership means that private bankers can be one-time partners or long-term partners in the estate planning process.
Estate planning attorneys and clients need private bankers to bring expertise in managing assets, creating investment strategies, and providing access to financial services. Each of these areas are valuable to both the estate planning attorney and client to create an effect estate plan.
The estate planning attorneys at Ball Morse Lowe would like to consult with an esteemed private banker to maximize and personalize each client’s estate plan. This agreement can be a one-time event or a long-term partnership, depending on the private banker’s wishes.
Working with a private banker comes with its fair share of benefits, too. With a private banker, our estate planning attorneys would have access to wealth management, tax planning, asset protection, trust administration, investment advice and strategies, and legacy planning.
Private bankers can provide advice on liquidity, which plays an important role in an estate plan through lines of credit or short-term financing. Minimizing taxes is also important to save a client money in the long run.
With the right private banker and estate planning attorney, each client can reach the fullest potential for their estate plans.
Bankers can help each client reach their fullest potential with their estate plan. Combined with an estate planning attorney, clients can rest assured their estate plans are in the right hands.
For more information, call Ball Morse Lowe at 405.701.5355 or email clientintake@bml.law.