Estate Planning
Have peace of mind about your assets in your absence.
Making plans for your estate after you’re gone can be stressful without professional advice.
The experts at GJR Consulting will help you make sense of all the details to ensure everything ends up where you wanted it to be.
What Is Estate Planning?
In the broadest sense, estate planning is the arrangements someone leaves behind to control the transfer of their estate after their death. The term “estate” encompasses many things. It includes any real estate, like houses or other properties and any personal property of value. These plans are crucial because they guarantee your wishes are followed after you’re gone. Without these in place, there are all sorts of things that can happen to your property or assets.
Some people make the mistake of thinking only the rich need to worry about their estate, but this is not true. Even those people with modest holdings in property or assets need to make these plans. Without them, there can be a lot of confusion and even more money spent on trying to decide what to do with all your things. Having your estate plans well established and backed by professional support ensures your wishes will be carried out accurately and quickly. If you have ever lost a loved one, you know how stressful it can be to figure out their wishes and distribute their assets without a plan in place. These plans are for the people and property you care about the most. Planning ahead is the final kindness you can leave behind for your loved ones. With GJR Consulting, it does not need to be a drawn-out, maudlin affair either. We’ll give you the security of knowing everything will be well taken care of in your absence. Then, you can get back to living your life.
We Offer More Than a Basic Estate Plan
One of the factors that puts people off from making these plans is the expected estate planning costs. At GJR Consulting, we offer affordable assistance and won’t waste your time with services or strategies you don’t need. Besides, the time and money you spend now will save everyone time and money in the end. These plans will make things like funeral arrangements and healthcare preferences easy to understand and put funds in place to pay for them.
Your estate planning isn’t just about your death though. If you have minor children or other dependents, it is your responsibility to outline who will receive custody of them and what funds transfer to them upon your death.
Without precautions like this, a significant amount of money can be lost to factors like inheritance taxes and other fees. As experts in tax services, we will manage your estate tax planning and ensure your loved ones get the money you’ve intended for them.
We’ll Make the Estate Planning Process Simple
The mistake many people make is drafting their plans and then moving on without ever thinking about them again. You will likely make these plans long before you are gone, and many things can change in that time. Laws can change, your inheritance preferences might be different years later, and you could change your mind about things like who should have power of attorney. The people you selected to receive inheritances could have even passed away in the time since you made your original plans. Therefore it is a good idea to regularly revisit your estate plans to ensure they are still effective.
As your estate planner, we’ll create unquestionable beneficiary designations and life insurance payouts that take everything into account from local tax rates to federal estate taxes. We can help you make sure that as little as possible is lost in state estate taxes.
We’ll also schedule regular updates to your plans and ensure that if anything changes in your life that your estate plans change to follow them as well. Planning for after you are gone is one of the most important decisions you can make for your loved ones. Don’t entrust it to anyone other than a professional who has your best interests in mind.
To learn more about our estate planning services, contact GJR Consulting today.
55%
of American adults do not have a will or other estate plan in place.
