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Ms. Hart Case Study

Ms. Hart Case Study

Ms. Hart Case Study

Ms. Hart – Retiree

Income - $35k
Net Worth - $5mm
Wealth Management Interest - Estate Planning / Gifting

Nancy (84) is as frugal as could be! Because of her wonderful saving and spending habits, and good investment results, she’s amassed a sizable estate. She wants to understand how her estate will be distributed when she passes away. She’s also worried about having to pay state estate taxes.

Income - $35k
Net Worth - $5mm
Wealth Management Interest - Estate Planning / Gifting

Nancy hadn’t updated her estate planning documents in over a decade. Her IRA beneficiaries were no longer aligned with her wishes. We referred her to an estate planning attorney to help her get her affairs in order. Once her wishes were aligned with how her estate would flow, we showed her she was in great financial shape and ran little risk of running out of money. After seeing this, she felt more comfortable starting a lifetime gifting plan to her kids and grandkids. She wanted to be able see them enjoy their inheritance, and they could likely use the money more now than later. This also had the effect of reducing her taxable estate and eliminating her future state estate tax liability.

While it’s still hard to get Nancy to spend money on herself, she is getting maximum enjoyment watching her legacy help her family.

$450k+

Initial investment

$3.6m+

Current retirement funds

7 Yrs

Duration Of Investment

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Important Disclosure​: Case studies presented are hypothetical scenarios and intended for illustrative purposes only. They do not represent an actual client or an actual client’s experience, but rather are meant to provide an example of Pecaut’s process and methodology. An individual’s experience may vary based on his or her circumstances. There can be no assurance that the Firm will be able to achieve similar results in comparable situations. No portion of this case study is to be interpreted as a testimonial or endorsement of the Firm’s investment advisory services, and it is not known whether the hypothetical clients referenced approve of the Firm or its services. The information contained herein should not be construed as personal investment advice.

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