Brown Bag Series - Estate Planning

Brown Bag Series - Estate Planning

Brown Bag Series - Estate Planning

We held the first Brown Bag Series, sponsored by New York Life, on June 19, 2021. The workshop explored the essentials and fundamentals of estate planning. This was a two-session workshop, with the first held virtually on June 19, and the second held in-person on June 26. The first session attracted about 25 participants, while the second session attracted close to 35 attendees.

We had the privilege of having Mr. Xin Wang (Ph.D., CFP, AEP) of Abacus Financial Strategies LLC, speak on the importance and processes of estate planning. Mr. Wang shared that estate planning is important as it allows one to make our wishes known and control distribution of assets. Proper estate planning also allows one to eliminate or minimize taxes and plan for the risk of incapacity. Overall, with estate planning in place, there will be ease of transition for our loved ones. Estate planning encompasses 4 steps:

  1. Protecting yourself
  2. Protecting your legacy
  3. Tax reduction strategies
  4. Implementation
Mr. Wang also discussed the ways to avoid probate and identified solutions to common mistakes in estate planning. The two-session workshop was attended by members and non-members of ACC, all of whom greatly benefited from the information and advice given by Mr. Wang.
 
Photo Credits: Yvonne Chen






About the Speaker

Mr. Xin Wang, Ph.D., CFP, AEP

Mr. Wang moved to the United States and started his new career in the financial services industry in 2004. Prior to that he was a heart surgeon in China for many years. He received his Ph.D. from the University of Milan in Italy and his medical degree from the Shandong University School of Medicine in China. In 2008, Mr. Wang completed extensive studies and earned his CERTIFIED FINANCIAL PLANNER™ Practitioner designation and started providing fee- based financial planning in addition to his transactional financial services. He also has earned the AEP® designation awarded by the National Association of Estate Planners & Councils to recognize estate planning professionals who  meet  special requirements of education, experience, knowledge, professional reputation, and character.

Abacus Financial Strategies LLC
11 Greenway Plaza Suite 1458
Houston TX 77046
Toll-free: 866 676 7678
Office: 713 388 6789
Cell: 713 628 0868
Email: xwang@abacusstrategies.com
Website: www.abacusstrategies.com