• “Someone's sitting in the shade today because someone planted a tree a long time ago.”

    Warren buffet

    Books are the treasured wealth of the world and the fit inheritance of generations and nations.

    Henry David Thoreau
  • "You don't choose your family. They are God's gift to you, as you are to them."

    Desmond Tutu

    “If you want your children to improve, let them overhear the nice things you say about them to others.”

    Dr. Haim Ginott
  • “In this world, nothing can be said to be certain except death and taxes.”

    Benjamin Franklin

    “Say not you know another entirely till you have divided an inheritance with him.”

    Johann Kaspar Lavater
  • “Estate planning is an important and everlasting gift you can give your family. And setting up a smooth inheritance isn't as hard as you might think

    Suze Orman

    “Age is a question of mind over matter. If you don’t mind, it doesn’t matter.”

    Satchel Page
  • “Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.”


    “Good fortune is what happens when opportunity meets with planning.”

    Thomas Edison
  • “The real freedom of any individual can always be measured by the amount of responsibility which he must assume for his own welfare and security.”

    Author Robert Welch

    “What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.”

  • “Good luck is the natural residue of superb preparation.”

    Vincent Lombardi

    “Before everything else, getting ready is the secret of success.”

    Henry Ford
  • “It almost never makes sense to name your estate as beneficiary of your retirement plans or IRAs. In most cases, it will cause an acceleration of the income taxes that could have been deferred.”

    Jeff Scroggin, AEP, JD, LL.M.

    “Life insurance still represents one of America’s greatest remaining tax shelters.

    Jonathan G. Blatmacher
  • “Estate planning is not just for the wealthy. It’s for anyone who happens to love and care for someone.”

    Living Trust Network Staff

    “There are two lasting bequests we can give our children. One is roots, the other is wings.”

    Hodding Carter, Jr.
Iris Wealth Advisory, A Registered Investment Advisor Firm

Estate Planning

Contrary to popular opinion, Estate Planning is not just for extremely rich people. It's more about planning for the administration and disposition of an estate, (in an orderly and efficient fashion) which comprises of all the assets of an individual upon his/her death. Legally speaking, an 'Estate' is the "degree, extent, nature, and quantity of interest which an individual has in a real property". This interest could be interest in cash, debt, equities, insurance policies, a business you own and so on.    

Estate Planning involves  

As a matter of fact, Estate Planning involves writing a will, creating a trust, setting up a holding company, providing a health care directive to your kin, leaving directions for the guardians of your minor children and making sure that your returns on investment (ROI) are settled directly into your Estate, according to your instructions. This process allows you to handle your finances during your lifetime and to manage the distribution of your assets after death. An effective estate planning strategy must include your health care plans and ensure that they are carried out, according to plan, even when you're incapacitated. There are 3 phases in the life cycle of Estate Planning namely: Accumulation (the period of acquisition), Consolidation (the period of preservation), and Transfer (bequeathing to the next generation).


Planning for what happens to your assets/wishes when you're long gone can seem quite frustrating without adequate help. In fact, thinking about how to plan your estate may bring more questions than answers. Perhaps you feel too young to care for how your assets will be shared, or the reminder of death leaves you uncomfortable. These depressing thoughts may tempt you to put it off and just assume that the whole thing will take care of itself with time. But doing nothing is not a viable solution.  

Hiring a competent estate attorney will save your family a lot of stress, time, and money. At Iris Wealth Advisory, we offer quality research to make your estate planning simple and efficient and work with competent partners to ease the conversations and paperwork required to have an effective estate plan.