Tax and Estate Planning: How to Put a Financial Plan in Place

By Garrett C. Spangler, J.D., LL.M. | Published: November 2020

Estate planning is the process of determining what happens to you and your property when you can no longer make decisions because of incapacity or death. Without a plan, an already difficult situation for your loved ones can be even worse. Not having a plan can delay your medical care if you become incapacitated and make it harder to pass your wealth to your heirs if you pass away.

A thorough financial plan requires you to remain up to date on the current tax environment. Proper planning and documentation can reduce taxes, avoid Probate Court involvement, assure that the right property passes to the right people at the right time with the right restrictions and protections as well as ensure that the intended individuals will be in charge.

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About the Presenter – Garrett C. Spangler, J.D., LL.M.
Garrett Spangler is West Capital Management’s Director of Wealth Planning and also leads West Capital Management’s Planning Committee. In his role, Garrett works with clients on a variety of planning areas such as trust and estate planning, wealth preservation, and income tax and liability exposure. Prior to joining West Capital Management, Garrett was an associate at The Erb Law Firm, PC practicing tax, estate, and business succession planning, with a focus on non-citizens and international planning for those with foreign assets. Garrett earned his law degree (J.D.) and Masters in Taxation (LL.M.) from Temple University’s Beasley School of Law and his bachelor’s degree from Penn State University’s Smeal College of Business.

 

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