These concerns can and should be addressed through the estate planning process. A true estate planning firm must understand the need for generational wealth amongst their clientele and understand cultural factors and common concerns within these groups. Estate planning cannot be cut and pasted.
The probate process causes the greatest loss to generational wealth. The average probate case costs between $20,000-$25,000 and can go as high as $50,000-$75,000.
Probate fees cause families to sell homes, heirlooms, jewelry, and other personal property to pay attorney fees, bonds, filing fees, and court costs. These financial losses can be avoided with proper education and planning.
As a women and black owned firm, Park Gold is committed to bridging the informational gap and having better, quality representation amongst women, LGBTQ+ people, and members of racial and ethnic minority groups.
