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Estate Planning and Wealth Transfer for University Professionals

Safeguarding Your Family’s Future

Estate planning for university professionals can feel daunting, especially when balancing demanding academic or administrative careers. Many professors and university employees delay updating their estate plans because the process is complex and highly detailed. With Savant’s experienced estate planning specialists by your side, you can gain clear direction and trusted guidance to help you navigate every step with confidence. 

Our in-house team provides university estate planning services designed specifically for professors, college faculty, and university professionals. Savant’s attorneys and financial advisors work collaboratively to address the complexities of estate planning and wealth transfer planning for university professionals, helping you protect your assets, reduce taxes, and preserve your legacy for future generations. 

Estate Planning

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University Estate Planning Services from Savant Wealth Management

Teamwork

Our Team

Our team of in-house estate planning professionals includes attorneys and financial professionals who specialize in the intricacies of estate planning for university professionals. They provide guidance to help manage the complex issues associated with estate planning services and wealth transfer planning. 

Mission

Our Mission

Our mission is to help university professionals ensure their estate planning goals align with their retirement and portfolio management goals. We strive to keep the estate planning process for college faculty from becoming overwhelming.

Couple

Our Objective

Our objectives in the estate planning and wealth transfer process for university professionals are designed to protect your lifestyle and assets, while helping your assets transfer to your beneficiaries in a tax-efficient manner. You may have specific wishes for the distribution of your assets to loved ones, charities, and institutions. However, it often takes more than a will to help ensure those wishes are honored.

Transition

Accomplishing Your Goals

We use an estate planning process that begins with your goals. We then make recommendations regarding estate planning documents and techniques to help you efficiently accomplish your goals. Savant assists university professionals throughout the wealth transfer and legacy planning process. 

Accumulation

Estate Plan Audits

Our advisors also provide estate plan audits for university professionals who already have an estate plan in place. During this process, we evaluate the details of your plan with the goal of designing it to pursue your desired outcome. 

Frequently Asked Questions about Estate Planning and Wealth Transfer:

Why is estate planning important for university professionals?

Estate planning helps university professionals protect their assets, manage their retirement accounts and pensions, and help ensure their wealth transfers according to their wishes in a tax-efficient manner. 

How is estate planning different for professors and college faculty?

Professors and college faculty often have multiple retirement accounts, benefits, or charitable goals that require coordinated estate and wealth transfer planning. 

What elements does estate planning include for university employees?

Estate planning may include wills, trusts, beneficiary designations, and strategies to help align retirement assets and wealth transfer goals. 

Do university professionals need an estate plan if they already have a will?

Yes, a will is only one part of an estate plan, and additional strategies may be needed to address retirement accounts, taxes, and legacy planning goals. 

How often should university professionals review their estate plan?

Estate plans should be reviewed regularly and after major life or career changes to help ensure they remain aligned with current laws and personal goals. 

How does wealth transfer planning fit into an overall financial plan?

Wealth transfer planning integrates with retirement and investment planning to help ensure assets are preserved and transferred efficiently to beneficiaries. 

What is an estate plan audit?

An estate plan audit is a review of current documents and strategies to help confirm they align with your goals and current estate planning best practices. 

Can estate planning help university professionals support charitable or institutional giving?

An estate plan audit is a review of current documents and strategies to help confirm they align with your goals and current estate planning best practices.

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Wise Counsel for University Professionals

Our advisors have specific and in-depth knowledge about university employee benefit programs and retirement plans. We work with university faculty, physicians, and other professionals. We are not associated with any university or any retirement vendor, and we have no access to your private retirement or personnel information.

Savant Wealth Management (“Savant”) is an SEC registered investment adviser headquartered in Rockford, Illinois. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy, including the investments and/or investment strategies recommended and/or undertaken by Savant, or any non-investment related services, will be profitable, equal any historical performance levels, be suitable for your portfolio or individual situation, or prove successful. Savant is neither a law firm, nor a certified public accounting firm, and no portion of its services should be construed as legal or accounting advice. You should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Savant. A copy of our current written disclosure Brochure discussing our advisory services and fees is available upon request or at www.savantwealth.com. The scope of the services to be provided depends upon the needs of the client and the terms of the engagement.