Discussing your financial legacy
When was the last time you updated your will?
If you’re like most people, you either answered, “What will?” or “I did my will 20 years ago, isn’t it done?”
That’s okay. Legacy planning is about much more than keeping your will up to date, but often that’s as far as people get when they think about their estate. We talk about legacy planning with our clients. In those conversations, we examine your hopes not only for yourself but for your family, and your concerns about what might happen in the future.
It’s common to think that legacy planning only covers what happens when you’re no longer with us, but some of the documents may be used during your life as well:
Your legacy plan includes looking at how your assets will be managed if for some reason you become unable to manage them yourself.
We’ll discuss when it might be a good idea to distribute some of your assets while you’re alive.
We’ll work with you and your estate attorney to create plans for how your care will be managed and what health care decisions you want made if you’re unable to care for yourself and communicate your wishes.
Our legacy planning is tied into your comprehensive financial plan. By knowing your whole financial picture, we facilitate the design and creation of your estate documents to align with your goals. We sometimes accompany clients to see their estate attorney and make sure everyone is on the same page about how you want your assets to be utilized and passed on.