The Importance of Legacy Planning
Planning your legacy can be a stressful challenge to undertake, however, covering the basics of legacy planning will help to relieve some of that stress that most every worker will come to endure when it comes time to retire. Planning your legacy may also be viewed by many as being something only for the extravagantly wealthy - though this couldn't be farther from the truth. It is vital that everyone, regardless of their financial prestige, is able to complete a legacy plan for their loved ones.
Legacy planning is aimed to help ensure your wealth and assets are properly transferred and realized by your beneficiaries. Your plan m ay reflect a lifetime of your effort and hard work, and may provide the peace of mind that your wealth will be passed on to your selected heirs. There are a number of benefits in crafting a legacy plan for yourself. If you don’t plan your legacy, it will likely be done for you once it’s too late, perhaps by the IRS, lawyers and the courts.
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