Estate Planning

Many people do not realize that estate taxes can deplete up to 50 percent of their total estate.1
Taking appropriate steps to develop a sound estate plan could provide for effective preservation and transfer of assets to your loved ones. At Global Wealth Partners Inc®, we’d like to help develop an estate plan for you that ensures:

• Efficient wealth management
• Preservation and transfer of wealth
• Realization of your wishes after you’ve passed
  away or can no longer make decisions for yourself
• Valuable legacy for your family

Estate planning involves more than just a tax savings for the wealthy. However, many people don’t realize that they too could benefit from estate planning. After conducting an assessment of their assets, many are surprised to find that the value of their homes, businesses and investment accounts combined may make them more vulnerable to estate taxes than they realize.

Estate taxes are generally paid from one of four sources: cash reserves, loans, liquidation of assets or insurance proceeds. A solid estate plan may provide the liquidity your heirs will need to settle your estate taxes, minimizing their financial burden. With a little planning, you can take steps that may ensure that your family has adequate funding to take care of any estate tax obligations. Additionally, a proper estate plan could help reduce the amount of taxes they might owe.

Finally, estate planning may help you to avoid probate. Probate is the process that transfers legal title of property from the estate of the person who has died. It usually ties up property for months, sometimes even a year, and could further deplete an estates value in legal and court fees.

With a little planning, you can help ensure that your family has adequate funding and potentially minimize estate taxes.

Let’s Get Started

We’d like to help you make the most of the opportunities available to you and promise to act with objectivity, experience and honesty. Our services seek to help you meet your financial goals and dreams one step at a time. Allow us to assess your financial health and put you on a plan that suits you and your family. Contact us to plan for your future.

GWP does not offer tax or legal advice.