Summit Financial Advisors logo

Jamie Letcher

VP, Wealth Management

 

Summit Financial Advisors

Located at Summit Credit Union

401 S. Yellowstone Drive

Madison, WI 53719

 

Phone:  608-271-1012

 

Email: james.letcher@lpl.com

November/December 2023

Estate Planning Tax Strategies

Max Strategy Indicating Upper Limit And Peak

You can pass more assets to your loved ones when you do so tax-efficiently. Consider utilizing one of these methods when creating or updating your estate plan.


Life Insurance: Passes free of federal income tax.

Capital Losses: Lowers any capital gains tax owed.


Appreciated Assets: Passes free of capital gain tax.

Gifting: Gift up to $17,000 annually per person - tax free.

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Summit Credit Union and Summit Financial Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Summit Financial Advsiors, and may also be employees of Summit Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Summit Credit Union or Summit Financial Advisors. Securities and insurance offered through LPL or its affiliates are:

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