Do you have a lot of assets and properties including things which are taxed at the state and federal level? Then, you need to go for estate planning. This is basically transferring the property to your heirs with the least tax burden on their shoulders. It ensures that you will not lose the assets you own to the state because of the inheritance taxes imposed on your family when the assets go to them after your death. We, at Legacy Partners, can help you with several kinds of financial planning which includes estate planning. We have experienced and knowledgeable professionals who work with to plan your estates and other properties. So, if you belong to areas like Glendale, North Hollywood, Northridge, Pasadena, Sherman Oaks, or Van Nuys, then you can resort to us.
Are you still a little confused why you need estate planning? Here, we have a few crucial ways this can benefit you. Take a look.
- Prevent Loss of & Grant Rightful Ownership to Your Family
Your family has a rightful ownership for your property. It will not be fair if they are deprived from your estates. It is also inconvenient and a loss for them who might actually need this money to survive after you are no more because their primary source of income will be gone. So, in order to prevent a financial strain on them and help them get their due, you need to opt for estate planning.
- Stop Your Money from Getting Wasted
Even if your family is not entirely dependent on you and will not land up in a soup after your death, you still need this kind of planning to save your hard earned money. If you don’t have an estate planning, the courts will be taking care of the matter, charging fees at different levels, thereby draining your money on property distribution, guardianship of children, or business dissolutions. Instead of wasting your money on these, it could have been used by your family for their needs. So, go for estate planning and save your money.
If you want to hire us for estate planning, contact us now.