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Legacy, Estate, And Philanthropy Planning

Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. Whether it’s through a last will and testament, a living trust, or a well-thought-out estate plan, effective legacy and estate planning strategy can help to ensure your final wishes are carried out.

When it comes to estate planning, the basic package consists of having a will, a living trust, and some form of Durable Power of Attorney in place for making financial and/or healthcare decisions. It won’t cost you an arm and a leg to get these items in place; however, the peace of mind these estate planning tools can provide is priceless.

Through our connections with legal professionals in the area, our legacy and estate planning services can help you better preserve your wealth and avoid leaving a financial headache behind for loved ones.

When Is a Good Time for Planning Your Legacy?

Legacy planning is the process that prepares individuals and families to pass on assets to a loved one after death, with the help of a financial advisor. Legacy planning is something that should be done early as part of your estate planning process to ensure your wealth and assets are distributed the way you intend after you are gone.

A common misconception is that estate and legacy planning cover only what happens to your assets after you die. The fact is, estate planning is also an important part of protecting, preserving, and accumulating your assets while you’re alive. That’s because if you are unable to grow and preserve your assets, there will not be much to pass on to your loved ones.

So, the first step in successful legacy and estate planning is to ensure your financial strategy is aligned with your goals and current stage in life. Next, you need to make sure you have a well-thought-out estate plan in place to help ensure your assets and beneficiaries continue to thrive after you’ve passed on.

If you’ve been neglecting estate planning because you think it’s strictly a concern of the super wealthy, think again. Not only can it help protect and preserve your assets, but it can also help your family avoid unnecessary stress during what will already be a difficult time.