It can be a common misconception that legacy planning is only necessary for the wealthy, but this simply isn’t true. There are plenty of reasons why you should do legacy planning, regardless of your net worth. For one thing, this can help define who inherits your assets. It also determines who will be the guardian of your minor children or any dependents with special needs. And without proper planning, estates may end up in probate court tying up property for months (or even years), diminishing the estate’s value with expensive attorney and court fees.
The components of legacy planning usually include a will or trust, a durable power of attorney and a medical power of attorney. We partner with estate planning professionals who will work with you to ensure your estate is protected and distributed according to your wishes.
Safe Harbor Wealth Management, LLC, Safe Harbor Wealth Advisors, LLC and Safe Harbor Retirement Group, LLC do not offer tax planning or legal services, but will provide references to accounting, tax services or legal providers. They will also work with your attorney or independent tax or legal advisor.