Legacy Planning

Legacy planning is important to consider before a person passes away. After a person passes away, their wealth and possessions are passed on to next of kin or to people or charities specified in a will.

If you don't have a plan in place for your estate, its management might go against your wishes once it is passed on.

Just as with writing a will, it's important to start planning your legacy early so that when the time comes, your affairs are in order. A financial advisor provides advice on how best to prepare your legacy and assist with any questions or special requests that might come up.

First, the financial advisor guides you toward reaching a level of financial security that will both provide you with a comfortable life and allow you to leave wealth as a part of your legacy. Many people forget that they cannot leave a financial legacy if they weren't financially secure enough to amass that legacy in the first place.