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Estate Planning "The only thing you take with you when you're gone is what you leave behind." -John Allston
How will you ensure your assets are distributed as you'd like them to be when you die? Estate planning is the answer. The goal of estate planning is to transfer your assets to your beneficiaries quickly and with minimal tax consequences. Estate planning can also assure that family members know how you'd like your financial and medical affairs to be handled if you become incapable of making your own decisions. Many people believe that establishing a final will and testament will completely take care of their estate and legacy in the event of their death; however a will is only one component of successful estate planning. At Gammon Financial we know estate planning is vital to preserving your legacy. What will you leave behind? Our process always starts with the personal consultation. We begin with every client by sitting down one-on-one to gain insight into what is most important when it comes to your financial legacy. Our unique team approach allows us to help decide and employ a strategy that truly is best for you. If your situation suggests you should consult an attorney, and perhaps a CPA or tax advisor, we will work intimately with these parties to ensure your plan is tailored to your specific situation. If you don't know where to turn, we will help connect you with trusted professionals to make sure you are working with the finest team available.
You may think estate planning is only for the very wealthy, but whether or not you have sizeable financial assets, it's likely you have possessions that have significant value to you and to those you care about - the china your great, great grandparents brought with them when they immigrated or the Bible that has been handed down in your family for Certainly, if your assets are worth $2,000,000 or more, estate planning can benefit your heirs by minimizing the taxable portion of your estate. Remember, all of your assets are included in your estate, and adding up the value of your assets can be an eye-opening experience. When you include your home, investments, retirement savings, and life insurance policies, you may be surprised at the value of your estate. Estate Taxes can reach up to 55% and may be even higher in the future. If you feel your legacy is at risk or if you just want to ensure your current plan is up-to-par we encourage you to make an appointment with our office today. Gammon Financial is unique because we intimately care about our clients and their families, call today for your personal, no-obligation consultation with our team.
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