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Why consider adding Estate Planning to your J.P. Turner portfolio? We've all been told that if we do nothing else to take care of our legal affairs we should write a will. That's pretty good advice. At J.P. Turner, we take that one step further by helping you craft an appropriate plan for your estate.
Adding an estate plan to your portfolio goes beyond just planning for estate taxes; it's about developing a plan to take care of your loved ones in the event something happens to you.
Some things you may want to consider when adding an estate plan to your J.P. Turner portfolio include:
- Plan for Incapacity - Using powers of attorney and long-term care insurance you can make sure things are 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 minimizing the estate taxes incurred by your loved ones.
- Trusts - Your J.P. Turner financial representative can establish one or more trusts to accomplish your goals.
Your estate planning team is critical to ensuring your wishes are carried out and should include your J.P. Turner financial representative. Estate planning requires your attorney, CPA, and J.P. Turner financial advisor work in concert with each other to serve your interests. Your J.P. Turner financial consultant can work with you and your tax and legal advisors to help gather the appropriate records that will help you and your team develop an estate plan and determine which estate planning strategies are appropriate for your specific situation.
In addition, because your circumstances change throughout your life, it's important to revisit your J.P. Turner 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.
Compliance #: JPT082608-531a
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