Why You Need An Estate Plan
You’ve spent years developing a business that consistently generates wealth for you and your family. That wealth shouldn’t go to the government once you’ve passed – it should go to your loved ones. To protect your legacy and your assets, you need an estate plan. An estate plan can help minimize your taxes and streamline the transfer of assets upon your death. It can range from a single meeting to an ongoing engagement depending on your needs.
Business owners who fail to get an estate plan often have their wealth depleted by taxes. The money they’ve worked so hard for goes to the government instead of their family. In our line of work, we’ve seen plenty of people who experience this exact scenario. We think it’s wrong.
We believe you should feel confident in the future. You should be able to take comfort in knowing your family is well taken care of, and that your business will survive in your absence. We don’t think it’s fair that the rules are so complicated, and that you need detailed plans in place to protect your assets from the government.
That’s why we offer estate planning services at Greg Evans Professional Corporation. A Trust and Estate Practitioner can make sure that your inheritors receive as much of your wealth as possible. We have a clearly defined 3-step process:
The Discovery Phase
We’ll have a discussion with you about your goals and current financial situation
We’ll talk about the relationships at play
During this phase we’ll draft a tax return to illustrate your tax liability at this point in your life (i.e. if you passed that very day)
The Planning Phase
From there, we’ll take a closer look at your options
With your input, we’ll develop a plan that will lower your tax liability
Implementation Phase
The length of the implementation phases varies greatly depending on your estate plan; it can range from one meeting to an ongoing engagement
We’ll look at your age, health, and other important factors in order to determine how fast some of the strategies can be put into play
Every business is different, and every person is different. You need a personalized estate plan to meet your unique needs, so you can protect your legacy. Get in touch with us today.