Estate Planning

Create your financial legacy

We, at Abaya Wealth Management LLC, provide our clients with an experienced resource for their estate planning needs. Estate planning is crucial for ensuring your wishes are honored, reducing the tax burden on your heirs, and providing clarity and security for your loved ones. We help our clients make this happen. 

1. Wills:
A legal document that outlines how you want your assets distributed after your death. It can also designate guardians for minor children and specify funeral arrangements.

2. Trusts: Legal entities that hold and manage assets on behalf of beneficiaries. Trusts can be used to minimize estate taxes, avoid probate, and provide for minor children or individuals with special needs. 

3. Power of Attorney: A document that gives someone you trust the authority to manage your financial affairs if you become incapacitated.

4. Healthcare Power of Attorney (or Healthcare Proxy): A document that designates someone to make medical decisions on your behalf if you are unable to do so.

5. Living Will: A document that outlines your wishes regarding medical treatment and end-of-life care, ensuring your preferences are followed if you cannot communicate them.

6. Beneficiary Designations: Ensuring that retirement accounts, life insurance policies, and other financial accounts have up-to-date beneficiary designations to avoid probate and ensure assets go directly to your chosen individuals.

7. Estate Taxes: Planning to minimize estate and inheritance taxes through various strategies, such as gifting during your lifetime and setting up trusts.

8. Charitable Giving: Arranging for charitable contributions as part of your estate plan, which can also provide tax benefits.

9. Business Succession Planning: For business owners, creating a plan for the transfer or sale of the business upon retirement, incapacitation, or death.

10. Probate Avoidance: Strategies to minimize the assets that go through probate, such as establishing joint ownership, setting up trusts, and designating beneficiaries.

11. Regular Review and Updating: Periodically reviewing and updating your estate plan to reflect changes in your financial situation, family status, or changes in laws.

Financial estate planning results in:

  • Designating beneficiaries for each of your assets

  • Aligning your asset beneficiaries with your Will, Health Care Proxy, and Power of Attorney

  • Understanding potential probate and estate tax implications of your designations

What people are saying

  • “As someone with no financial background Taunya gave me reassurance that I am on the right track. She didn't try to sell anything and gave great advice. She is very easy to speak with and provided honest feedback. Highly recommend.”

    Ann Windish

  • “I wish I had started working with Taunya sooner! She made moving my 401k from my previous employer quick and simple, and has helped me create a plan for maximizing my retirement savings going forward. I highly recommend working with Taunya.”

    Cassie Conroy

  • “Taunya is always available and quick to help with any question or concern. Her knowledge around the markets, financial and retirement planning is second to none. I would highly recommend Taunya for anyone seeking a financial planner or advisor.”

    Michael Cabra

  • “When my husband and I decided that we needed to start planning for our future, we didn’t know where to start. Taunya was recommended to us by a family friend and from our first meeting she was invested in us as a family and took the time to listen to what we were trying to accomplish. She doesn’t just invest money for us, she teaches us along the way and our understanding of the financial world has grown tremendously. I would highly recommend Taunya!”

    Kathryn Kitchen

  • “Working with Taunya is one of the smartest financial decisions our family has made. She has helped us prepare financially for retirement and our children’s college tuition. We have seen consistent gains even during times of uncertainty. She is extremely professional and responsive. If you are in any need of financial services look no further.”

    Joe Acosta

  • “Taunya has been our personal, family, and business financial advisor and planner for many years. She has kept us on track to meet our goals, helped us grow money that was static, and guided us on financial decisions. She has been an amazing and accurate resource whenever we have questions. I highly recommend Taunya Abaya!”

    Tara Bazilian-Chang

  • “Taunya is very knowledgeable and very easy to work with. She is receptive to questions and provides quick and easy answers. I am getting close to retirement and Taunya is providing the guidance that I need. Give her a call or schedule an introduction, you won't be sorry.”

    Kurt Engle

  • “Taunya's extensive knowledge of financial planning gives a client peace-of-mind that she knows how to best help you. A big part of that is she suggests products that are low in managing fees. She works for you, it's clear her clients' needs come first.”

    James Waack