Estate Planning
Creating an estate plan goes beyond just planning for estate taxes; it's about developing a plan to take care of your loved ones in the event of your death or if you become disabled. Your J.P. Turner financial advisor can assist you with developing a plan that addresses the immediate and long-term needs of your family.
Your J.P. Turner financial advisor can help you create a comprehensive estate plan that can include a strategy for:
- Incapacity - Using powers of attorney and long-term care insurance you can make sure your family is taken care of if you become ill or injured.
- Avoiding probate - Helping your family avoid the delays and frustrations of probate and estate settlement will relieve unnecessary stress.
- Transferring wealth - Using wills, beneficiary designations, gifting and trusts your wealth can efficiently be transferred to loved ones.
- Charitable giving - Developing gifting and trust strategies to benefit charities will help ensure your gift is efficiently transferred.
- Estate taxes - Reducing the potential estate tax burden your family may face is important. J.P. Turner's financial advisors can assist you in reducing the estate taxes incurred by your passing.
- Trusts - Your J.P. Turner financial advisor can establish one or more trusts designed to help you accomplish your estate goals.
Your estate planning team is critical to ensuring your wishes are carried out and should include your J.P. Turner financial advisor, your attorney and your CPA. This team will work together to serve your interests. Because your family and financial circumstances change throughout your life, it's important to revisit your estate plan regularly. That way you can keep it up-to-date and make sure that the changing needs of your family continue to be addressed.
Note: J.P. Turner & Company does not provide legal, accounting or tax-preparation advice. You should consult your tax and legal advisors for your specific situation.
