Keep it in the family.
Like most people these days, you own appreciating assets such as real estate and stocks. And like most people, you want to pass as many of your assets as possible along to a spouse, children, grandchildren, or charity.
That’s why it’s so important to plan for gift taxes and estate taxes.
The fact of the matter is that if your estate does not have enough liquid assets (cash) to pay gift or estate taxes, then assets you intended to leave to your beneficiaries may need to be sold in order to provide sufficient funds to pay the taxes.
Avoid costly mistakes.
If you’re like most of us, the thought of planning for after you are gone is not an especially pleasant one. However, simply “leaving it to others” to sort out when you’re gone can (and frequently does) prove very costly.
The cost of not having an estate plan is many times greater than the cost of having one.
Adopt a winning strategy.
At Everest we start by asking you about how you envision the transfer of the assets you’ve worked so hard to accumulate. Specifically, we learn how much you would like to go to your spouse, children, grandchildren, other relatives, charities, and your foundation.
Our team of professionals (third-party estate planning attorneys) will then craft and recommend a strategy that will minimize your taxes and maximize the value of assets transferred to your beneficiaries.
Start protecting your assets today.
To begin a discussion of your estate and how you can avoid taxes, pick up the phone and give us a call today. We’d love to talk. 949.468.0446
Things change. As your estate grows, stay informed as to the size of your estate and changes in the estate tax law. If you own appreciating assets, your estate can grow to a significant size over the remainder of your life. You may be exempt from estate tax today, but not in the future. Everest Estate Solutions can help you stay informed.
Call us today to schedule a consultation and planning session. 949.468.0446