Leaving a Legacy with Estate Planning

While it is certainly not enjoyable part of personal finance to discuss, estate planning is incredibly important. After all, most of us want to make sure our loved ones are taken care of, even after we pass on. If you are unfamiliar with the concept of estate planning[RA1] , we’ve put together a brief breakdown of some important things you need to know.

What is Estate Planning?

Estate planning is really just the process of planning of how your assets/belongings will be distributed after you pass away. This is incredibly important to do for a couple of reasons. The first of which is to ensure that your wishes are carried out and the legacy you plan for each of your loved ones is properly fulfilled. An estate plan provides direction to the executor of your estate for how your assets are to be divided up, and who receives what.  The second reason estate planning is important is that it will (if done properly) minimize the number of disputes over what you leave behind. A solid estate plan will leave your heirs with instructions for your estate, leaving few questions as to who receives what. Finally, an estate plan is a roadmap that keeps your will out of probate or tied up in lengthy and costly court battles.

What if I Don’t Have Many Assets?

Even if you don’t have many assets, estate planning is still very important. Too often, there are disputes between family members when a relative passes on.  Having a clear and concise estate plan will help circumvent the majority of these (avoidable) disputes.

Where Can I Start?

Estate planning is an incredibly complex subject that’s often best left to professionals. Our team of experts at Safe Harbor Retirement Group can schedule a meeting with you and help get you and your estate on the right track. If you want to learn more, schedule a complementary[RA2]  consultation, or call (614)-760-0670[RA3]  to schedule with one of our financial advisors.


 [RA1]Link to https://safeharboroh.com/estate-planning/

 [RA2]Link to https://safeharboroh.com/schedule-a-complimentary-meeting/

 [RA3]Link to tel:6147600670

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