Wachovia Estate Planning

Estate planning is no longer just for the very wealthy—it is for anyone who wishes to control the distribution of their assets, name the guardian of their dependents, and help reduce the tax burden to their heirs.

In general, estate planning is a very complex, ongoing process. Your needs and the needs of your family change over time, and as a result, your estate plan needs to be flexible and periodically reviewed. Wachovia Securities Financial Advisors are competent professionals who will call upon the resources of other wealth management professionals, such as your tax and legal advisors, to work together to help you protect the financial success you've worked hard to secure.

Living Trusts

A living trust is a trust that allows you to remain both the trustee and the beneficiary of the trust while you're alive. Upon your death, a designated executor distributes the remaining assets according to the terms set in the trust.

Charitable Remainder Trust (CRT)

A charitable remainder trust is a trust that allows you to leave assets to a charity and receive income and tax benefits at the same time. You can receive income from the trust for a specified period of time, after which all remaining assets are transferred to the charity.

Community Property

Community property is a method for defining the ownership of property acquired during marriage. Community-property laws exist in certain states only.

Estate-Tax Change and the Credit Shelter Trust

A credit shelter trust (sometimes called a family trust) is a widely accepted and beneficial estate planning strategy. However, the changing exemption amount under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) may affect your plans.

Irrevocable Life Insurance Trusts

An irrevocable life trust is a legal arrangement that gives a trustee control over select assets and cannot be modified once it is established. Under this arrangement, the insurance proceeds are paid to the trust at your death.

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.

Wachovia Securities is not a tax or legal advisor.

Member FDIC. Only deposit products are FDIC insured.

Wachovia Securities Statement of Financial Condition
Audited - December 31, 2007

Unaudited - June 30, 2007

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ESTATE PLANNING