Mark Ziebold, founder of the Ziebold Law Group, is a graduate from Baylor University in Texas with a degree in Economics. He is also an attorney specialized in taxation and estate planning after obtaining his JD and LLM (taxation) from the Chapman University of Law. Mark Ziebold is a certified asset protection planner and an accredited wealth preservation planner from the Wealth Preservation Institute.
Estate planning refers to the process of managing and preserving a person's wealth while alive, plus sharing said wealth after death with one's heirs or selected beneficiaries. Wealth preservation goes beyond protecting owners' wealth for themselves and their families; it entails maintaining the owner's income and assets, including their estates. However, estate planning differs from one person to another because many factors are considered before planning, including the owner's profile, goals, current circumstance, and time frame.
There are simple wealth preservation strategies that enhance estate planning, including trust planning, gifting, charitable giving strategies, and coordinating with financial advisers to implement principal protected investment strategies. Wealth preservation planners ensure that annual gifting tax exclusion is wholly incorporated into estate planning. They may also advise the need for alternative investments, an increase in the use of liquid assets, and buying annuities and bonds. Another strategy employed to preserve and pass along wealth to an offspring and their children is long-term life insurance.
