Miami financial advisors Gerald Grant Jr. and Gerald Grant III say anyone who wants to pass assets to their family needs an estate plan, but too many people don't get around to creating one.
AdvertisementWhether you plan to leave your heirs $10,000 or $10 million, you need an estate plan.
That might seem like an obvious statement, but it's a common blind spot among clients of Gerald Grant III and Gerald Grant Jr., father-son financial advisors at Equitable Advisors in Miami.
An estate plan is a way to formalize your intentions for the assets you leave behind when you die.
For example, they'll ask someone to update their beneficiaries or finish filling out a document for their estate plan within 30 days.
Persons:
Gerald Grant Jr, Gerald Grant III, —, Grant Jr, Grant III, it's, I've
Organizations:
Finance, Service, Equitable Advisors
Locations:
Miami