Chris Severson

Practice

I Certified Financial Planner. I am also an Edward Jones Financial Advisor. Both roles encompass holistic financial planning. A key part of holistic financial planning is helping people with estate considerations. With every client, part of the conversation is, if they don’t wake up tomorrow, will their wealth transfer as per their wishes. We review beneficiaries, and go over all the different options such as primary, contingent, per capita, per stirpes etc. We go over all the protection options that will help preserve the legacy such as Life and Long Term Care Insurance. If appropriate I will ask the client if they have a Trust in place. And if they do have a Trust, are the appropriate accounts under Trust Title. I also have trusted relationships with Estate Attorneys in my community that I can refer clients to. I also remind clients that they should have their Trusts reviewed every 2 or 3 years or whenever there is a relevant change in their life.

Areas of work

• Analyzing existing life insurance coverage for continuing relevance to the estate plan
• Analyzing proposed transactions for estate and gift tax implications
• Charitable gift planning
• Developing strategies to minimize potential estate and gift taxes
• Developing plans to conserve assets during lifetime and at death
• Proposing life insurance solutions consistent with estate plans
• Retirement distribution planning
• Succession planning
• Preparing comprehensive financial plans

At the council

Attends the dinner meetings through the October–May season and is listed in the member directory by discipline.