Preparing to Leave a Legacy for Your Loved Ones
When preparing your legacy and estate planning process, your main concern is to provide your beneficiaries with the most resources possible, while also lessening the tax burden for all involved parties. This involves preparing your loved ones for their future. We’ve created a comprehensive guide to help you navigate conversations with loved ones at every age from middle school and beyond.
Middle School Age
High School Age
College Age
Post Grad
Late 20s – Late 30s
Mid 40s – Mid 50s
16
18
50
55
59½
62
65
65 to 67
Middle School Age
High School Age
College Age
Post Grad
Late 20s – Late 30s
Mid 40s – Mid 50s
5 Things to Help You Get Started on Legacy and Estate Planning
Do you have a plan for your assets when you pass away? Legacy and estate planning outline an individual’s personal and financial wishes and ensure estate representatives can execute them. It’s an uncomfortable but necessary part of a retirement strategy that preserves an individual’s estate, avoids probate, minimizes tax liabilities, and prevents confusion. A financial advisor can establish a comprehensive legacy and ...