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How do I leave a legacy
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Who gets my money when I die?
Do you want to make sure that your family is taken care of when you pass away? Did you know that the average chunk of money that probate will take from your estate is usually more than 7% of the gross amount of what you leave to your heirs? On top of that, extra legal fees, court fees, and estate taxes will eat even more of your estate away.
Having your money pass on to your beneficiaries is a lot more complicated than it looks. Simple things like proper account titling, power of attorney, trusts and wills are all things that must be in place if you are to truly avoid a drawn-out legal fiasco. |
How do I protect my legacy?
You must have a plan in place if you want to effectively pass on your legacy to your loved ones when you are gone. Having your accounts properly titled and a power of attorney set up is a good start. However, you can't stop there. In most cases, simply having a will does not get you far.
You estate is still subject to probate and court costs if your only legal document is a will. By having the proper estate strategy in place, or by using the proper trust, you can eliminate probate and make it easier for your family during their time of grieving. The last thing you should hope for is a legal obligation while your loved ones are mourning their loss. Setting up a strategy to pass on your legacy is important. |
Legacy Strategies
By designing a written estate plan to pass your legacy on to your beneficiaries, you will avoid the potential heartaches that can come with the passing of a loved one. Developing your financial portfolio is one thing. It can mean the difference between living the retirement of your dreams, or running out of money before you die.
However, if you neglect your estate plan, all the hard work and determination you put into your written investment plan will be for nothing. You've worked hard all your life to save what you have. With legacy strategies such as the Multi-Generational IRA, an Irrevocable Living Trust, and the "Wealth Transfer" program, you can be sure that your estate will find it's way into the right hands. |
Estate Plan Review
By taking you through an Estate Plan Review, we will determine potential problems areas that exist in your current estate and legal documents.
Our financial team will examine all of your legal documents as well as your financial account statements to locate problematic areas that could cause grief during the asset transition phase of life. Once we have determined these problem areas, we can develop a custom estate plan that addresses each concern, so that you do not have to worry about losing a chunk of your money to the government. |
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