Most of us would like to know that our loved ones, philanthropic pursuits and cherished possessions will be cared for when we die, with minimal stress or burden to others. Should you become critically ill, you also would like to know that you will be treated with dignity, according to your own values. Unfortunately, best intentions often lapse, and so do your up-to-date estate plans. As your wealth manager, we’ll propel you past the daily distractions by overseeing the ongoing process involved.

As with other aspects of wealth management, estate planning is enhanced by blending critical analysis, coordinated planning and compassionate care. We’ll help you evaluate your current plans, formulate an action plan, organize its implementation and oversee ongoing progress.These are the goals at the heart of Pennington’s estate-planning services: ensuring your wishes are reflected in your and your family’s financial and personal affairs when you can no longer manage the decisions yourself.

As your children pursue higher education and an independent lifestyle, you want all the best for them. But it’s also critical that the costs involved don’t strain your own financial well-being. Pennington will help you set realistic goals for you and your children and structure your investments accordingly.

While there are virtually endless choices for college funding, there are no one-size-fits-all answers. We will help you consider the viable saving, investment, scholarship, lending and gifting solutions available, and chart a course of action that complements the rest of your financial, investment and tax-management plans. We also can assist with the planning dialogue between you and your children, as conversations about money can often be enhanced by an informed, objective facilitator.

When significant risks are realized, nothing is more vital to your wealth and well-being than effective risk management. However, not all insurance policies and carriers are created equally. Some insurance products are little more than devices for enriching the salespeople who are peddling them, while others are more sensibly structured to play a proper role in your wealth strategy. The goal is to apply solid solutions for striking an optimal balance between money spent on insurance and the protection insurance provides.

We’ll assess your current coverage to identify gaps or overlaps among your life, disability, and long-term care insurance policies. Our review can help ensure that beneficiaries and designations remain relevant. Over time, we’ll familiarize you with other risk management strategies that can contribute to your advanced planning and tax management needs.

Although often overlooked or treated as an after-thought, well-integrated tax planning and preparation can significantly enhance your end returns – the ones you get to keep. By bringing the bifurcated roles of portfolio manager and CPA tax specialist in-house – or working in close collaboration with your own tax professionals – we go the extra mile to ensure that tax management becomes a carefully considered component within every wealth decision made on your behalf. 

For 30 years, Pennington Financial has been offering integrated wealth management to our clients – including tax planning and preparation.  In addition to personal income taxes, we are able to prepare business returns, estate and trust returns, and specialized returns, such as returns for gift taxes or Charitable Remainder Trusts.

In retirement, you want to ensure that your desired lifestyle and legacy are well-funded, with a plan to guide you through the challenges yet to come. While this big-picture goal is clear enough, it’s easy to run aground on the details. At Pennington, we become your lifelong partner in wealth, helping you design appropriate savings targets, balance future goals against current spending, adjust to evolving circumstances, and factor in the emotional and practical challenges of significant life transitions.

To prepare for unknowns, it helps to quantify them. With tactics such as Monte Carlo analysis, we’ll help you assess realistic odds for achieving your retirement goals by exploring expected outcomes for various earning, saving, investing and spending scenarios. By applying empirics and reason to your hopes and dreams, we devise a fitting plan – for you, your income and your desired spending.