It is the goal of many parents to provide a stable financial future for their children. Financial planning is a vital component of ensuring a stable financial future. Whether you are looking to fund a child’s college education or assessing your estate plan, the advisors at Spinnaker Investment Group offer services specifically geared towards setting you and your family up for financial success.
Many parents seek to invest in their children’s futures by providing them with the opportunity to obtain higher education. Although some students earn scholarships or are eligible to receive financial aid either through the federal government or from a university directly, the cost of higher education is currently at an all-time high, with many public and private universities raising tuition annually. Therefore, if parents are looking to send their children to a four-year university, a strategic approach to financial planning is of the utmost importance. Whether you are ready to start planning to put money aside for your children to attend college a couple of decades from now or a couple of years from now, the advisors at Spinnaker Investment Group are prepared to aid in the planning process.
Estate Planning is vital to a family’s financial health for many reasons. First, estate planning protects the beneficiaries. An essential part of estate planning is determining who will inherit your assets after your death which protects beneficiaries and can help eliminate family conflicts. Next, estate planning protects the best interest of young children. In the event of the untimely passing of one or both parents, having a plan for your estate can ensure that your children will receive the portions of your estate that you want them to one day inherit. Estate planning can ensure your child’s financial future and protect their inheritance from any relatives or other adults that may claim your estate.
In conclusion, financial planning helps ensure a stable financial future for a family. As the cost of higher education continues to rise, families must create a strategic plan to set money aside for their children to attend college if they want to continue their educational journey. Estate planning is also an essential aspect of financial planning for families as it protects young children and beneficiaries. The advisors at Spinnaker Investment Group are prepared to help you set your family up for financial success in college and estate planning.