Legacy Planning
There’s more than just managing estate taxes, it’s about organizing your assets so they can move onward to your loved ones in the manner you wish. It’s about maximizing how much you leave behind, while still ensuring that your financial needs are taken care of for the rest of your life.
Establishing A Trust
To ensure your family receives the assets you have accumulated during your life, it’s important to develop a legacy plan. Here at Copley Financial Group, Inc. located in San Diego, CA. and Uniondale, NY. we commend legacy planning as a way to protect the financial interests of your family when you are no longer there to do so. A trust is a key instrument to use during the legacy planning process because it can help you minimize your estate taxes and avoid probate.
Giving While Living
One of the things that most people tend to overlook when planning their legacy, is the importance of having their records in order. This does not involve your assets only, but also well-prepared documents that describe in detail your wishes. Aside from writing a comprehensive will outlining who do you want to inherit your assets after you are no longer here, you have to focus your attention on who you would like to manage your finances or make medical decisions for you, in the event that you are incapacitated.