Post By: Dana Sunderlin
What kind of financial legacy do you want to leave? Chances are you've got some ideas. Maybe creating a foundation in your name. Helping your favorite charity. Or leaving it all to family.
One thing's certain — you probably don't want to let Uncle Sam decide. Rather than allowing your hard-earned money get consumed by taxes or misdirected, make sure your wishes will be met by preparing a proper estate plan.
If you haven't already worked out the details of your estate plan, here are a few things to consider.
Decide what matters most:
Ask yourself, "What is most important to me?" Is it assuring loved ones' financial security? Supporting higher education, or your community? Protecting the environment? Your estate plan will ensure your money goes where you intend, and allow you to benefit the people and causes close to your heart.
Ask yourself, "What is most important to me?" Is it assuring loved ones' financial security? Supporting higher education, or your community? Protecting the environment? Your estate plan will ensure your money goes where you intend, and allow you to benefit the people and causes close to your heart.
Assess your current financial situation:
Next, ask yourself, "Will my current financial situation allow me to accomplish these goals?" Now could be a good time to review your investments and insurance, including your retirement plan assets and employee benefits. You'll want to make sure your assets are growing to maximize your financial legacy.
Next, ask yourself, "Will my current financial situation allow me to accomplish these goals?" Now could be a good time to review your investments and insurance, including your retirement plan assets and employee benefits. You'll want to make sure your assets are growing to maximize your financial legacy.
No comments:
Post a Comment