Estate Planning – More than just Tax Returns

Estate Planning can be a daunting task with many complicated parts to deal with without qualified help. Many individuals choose to put it off causing their family to spend a lot of money and suffer much heartbreak.

At GLO CPAs we understand that every estate plan is going to be different and will tailor a plan that is unique to you and your situation. We take care in organizing and planning in the way that is best for you, so you’ll be able to sit back and enjoy the rest of your life knowing your plan is perfect for you.  Estate planning is not something you have to do alone, and with GLO CPAs on your side, you can be sure to organize the most effective estate plan possible.

Our motto Building High-Value relationship extends to our clients through the services we offer. We know our clients and area able to best advise them on these sensitive matters in order to help them navigate the complexities that estate planning can evoke.

How GLO CPAs can help you with an Estate Plan:

  • Clearly define your goals
  • Recommend estate planning options
  • Prepare, organize, and review your estate planning documents
  • Transfer the assets of your estate to heirs the way you want it
  • Organize fair and adequate liquidation of estate to cover taxes and other expenses

Areas where we can help:

  • Living Wills and Trusts
  • Lifetime Family Wealth Transfers
  • Management of Family Partnerships and other business relationships
  • Preparation for estate and trust tax problems

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What is a Pension?

A retirement account that an employer maintains to give you a fixed payout when you retire.

Defined Benefit Pension Plan is a type of pension plan in which an employer promises a specified monthly benefit on retirement that is predetermined by a formula based on the employee’s earning history, tenure of service, and age rather than depending directly on individual investment returns.

The liability of the pension lies with the employer/sponsor  that is responsible for making the decisions.

If an employee leaves the company before retirement, the benefits earned so far are frozen and held in a trust for the employee until retirement age or in some instances the employee is able to take away a lump sum value or transfer the value to another pension plan.

Because Employee Benefit Plans are highly regulated entities, special requirements and responsibilities apply. GLO CPAs is incredibly well-informed and experienced in handling defined pension plans and can help you with your plan.

“Defined Benefit Pension Plans” Allow earnings to be taxed at a future time and used in a comprehensive way for estate planning. Let us show you how one can benefit you.