Warren Buffett once said, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” However, that tree didn’t just grow in the perfect place on its own. That kind of foresight requires careful planning.

Estate planning is crucial for securing your legacy and ensuring that your wishes are carried out regarding the distribution of your assets. Establishing a trust can be a key component of an effective estate plan. Trusts provide powerful tools for managing and distributing assets during and after your lifetime. What different roles can a trust play in your estate plan?

If you're a young professional, did you know a Roth Individual Retirement Account (IRA) can help you build wealth and achieve your long-term financial goals? Find out more about investing in your future with a Roth IRA!

As a registered investment advisory firm or RIA, McKinley Carter does not provide accounting services. However, as fiduciaries, we continually monitor both state and federal tax laws and revisions. We are fortunate to have several experienced Certified Public Accountants (or CPAs) on staff, as well as benefit from the work of an internal, seven-member Specialized Practice Group that is completely dedicated to Tax and Legacy issues. Moreover, we regularly confer and collaborate with outside professional tax experts who take a deep-dive into the nuances of each tax law and any potential impact on our clients. We understand the importance of collaborating with accountants to ensure our clients know their options and get the most comprehensive tax advice and guidance.