Estate Planning

Estate planning strives to ensure that your wealth is preserved, protected, and passed on according to your wishes. At GPS Wealth Management, we understand that your legacy is more than just financial assets – it’s a reflection of your values, goals, and the life you’ve built. Our estate planning services are designed to provide you with the confidence that your loved ones will be cared for and your legacy will be honored.

Trust Planning Strategies

Creating a comprehensive estate plan begins with developing trusts that align with your goals. We work closely with you to develop strategies that provide clear instructions for the distribution of your assets, helping to minimize potential conflicts and seeks to ensure that your wishes are followed. Trusts, in particular, can offer potential benefits such as asset protection, tax savings, and control over how and when your assets are distributed to your beneficiaries.

LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.​

Beneficiary Designations

Properly designating beneficiaries on your accounts and policies is a critical aspect of estate planning. We assist you in reviewing and updating beneficiary designations to make sure they are current and reflect your intentions. This step is essential in avoiding probate and ensuring that your assets are transferred directly to your loved ones without unnecessary delays.

Estate Tax Minimization Strategies

Minimizing estate taxes is crucial to preserving your wealth for future generations. Our estate tax planning strategies focus on reducing the impact of taxes on your estate, allowing more of your assets to be passed on to your heirs. This may involve leveraging gifting strategies, establishing trusts, or utilizing life insurance policies to cover potential tax liabilities. By planning ahead, we help you work toward maximizing the inheritance your loved ones receive.

Charitable Giving Strategies

Incorporating charitable giving into your estate plan can provide significant personal satisfaction and potential financial benefits. We work with you to develop charitable giving strategies that align with your values and philanthropic goals. Whether you’re interested in setting up charitable trusts, creating donor-advised funds, or including charitable bequests in your will, our advisors provide the guidance you need to make a lasting impact on the causes you care about.

How You Benefit

Our estate planning services are designed to work toward preserving your legacy with the goal to make sure your loved ones are taken care of, minimizing the burden on them during difficult times. By creating a comprehensive and well-structured estate plan, you gain confidence knowing that your wealth will be managed and distributed according to your wishes. We help you navigate the complexities of estate planning, providing clarity and confidence in your decisions.

Let Us Help You Plan Your Future

At GPS Wealth Management, we’re committed to helping you pursue a confident and joyful retirement. Start your journey with us and take the first step towards a well-prepared future.

Individualized legal advice not provided. Please consult your legal advisor regarding your specific situation.