Estate & Succession Planning
Overview
Estate planning is the process of ensuring that your assets are distributed according to your wishes after you die. It also includes planning for your incapacity, such as if you become unable to make decisions for yourself due to illness or injury.
A good estate plan can help to:
- Protect your assets from creditors and lawsuits.
- Ensure that your loved ones are taken care of financially after you die.
- Avoid probate, which can be a costly and time-consuming process.
- Make sure that your wishes are carried out regarding medical care and end-of-life decisions.
Succession planning is the process of ensuring that your business will continue to operate smoothly after you die or become incapacitated. It includes planning for the transfer of ownership, management, and control of your business.
A good succession plan can help to:
- Ensure the continuity of your business.
- Protect your employees and customers.
- Avoid disputes among your heirs.
- Reduce taxes.
Our team at GWP & Co. has extensive experience in all areas of estate and succession planning. We can help you create a plan that meets your specific needs and goals.
If you are interested in learning more about estate and succession planning, please contact us to schedule a consultation. We would be happy to discuss your options and help you create a plan that is right for you.