Get ahead of your Estate Planning
"I'm too poor to have an estate," or "I don't have enough money to even care about estate planning," are frequent misconceptions about estate planning.
Regardless of your wealth (or lack thereof), you leave behind an estate when you die. As with every estate, a death will trigger the passing of that estate to another generation. How easily and efficiently that estate passes depends on careful planning and due dilligence. Some of the things you need to think about:
How should your possessions be divided?
Who should be the beneficiary of my retirement funds or investments?
When should the next generation receive the money?
Who will receive guardianship of my children?
Do I want to support charities after I leave?
Who will care for my loved ones?
While it is possible to die without planning your estate, it certainly isn't advisable. If you don't leave behind a clear estate plan, your family could be exposed to major legal issues, bitter disputes, and government intrusion. All of these potential issues could potentially cause tremendous mental and financial hardship.
As a boutique financial planning firm, Prosperity will work with you and your family to thoroughly understand your situation and foster the creation of an estate plan that reflects your wishes. Being an independent broker, we can match all of the right financial products and services uniquely customized to your needs. With our combined 50 years of estate planning experience, the professionals at Prosperity will not only be able to help create a estate plan now, but as your family and financial situation change, we will continually offer suggestions to adjust your plan.