Why is Legacy Planning So Important?
Legacy planning allows you to make decisions about how your assets, values, and memories will be passed down, helping to ensure they are shared with future generations according to your wishes.
Through legacy planning, you can make provisions for family members and charitable organizations that are meaningful to you, helping to create a lasting impact based on your personal priorities.
Legacy planning provides an opportunity to organize your affairs in a way that can help reduce misunderstandings or legal complications, making the transition smoother for your beneficiaries.
The Importance of Designating Beneficiaries
When life gets hectic and your to-do list seems endless, it can be easy to let financial planning details slip through the cracks. However, updates to your designated beneficiaries on 401(k) plans, IRA accounts, and other retirement assets is vitally important.
Legacy Planning Solutions
In addition to providing for your assets to be distributed according to your wishes, our Legacy Planning service goes beyond financial transfers to focus on preserving your values and intentions for future generations. We work closely with you to document your personal legacy so that your charitable contributions, family trusts, and other unique aspects of your estate plan reflect your core beliefs and priorities.
Wills and Trusts
For retirees, establishing or updating a will or trust helps clarify how your assets will be passed on. Securenet Financial can guide you in creating these plans to reflect your current financial situation and family needs.
Charitable Giving
Many retirees wish to leave a lasting impact on their community or favorite causes. Securenet Financial offers options like charitable trusts or donor-advised funds to help align your giving with your legacy goals.
Life Insurance
As part of your retirement legacy, life insurance can be used to provide for loved ones, covering any remaining financial needs or specific bequests you want to leave behind.
Business Succession
If you’re a retiree who owns a business, Securenet Financial can help create a succession plan that transitions ownership smoothly to the next generation or key employees.
Healthcare Directives & Powers of Attorney
Preparing healthcare directives and powers of attorney ensures your healthcare and financial decisions are handled according to your wishes if you’re unable to manage them later in retirement.
Beneficiary Designations
Ensuring that your beneficiary designations on retirement accounts, life insurance policies, and other financial assets are up to date is a critical part of legacy planning. Securenet Financial helps retirees review and update these designations to align with their overall estate plan, ensuring assets are distributed according to your wishes.
Would you like your legacy to reflect your values and wishes? Schedule a complimentary consultation today to explore how our team can help you create a lasting impact for future generations.
What is Legacy Planning, and why is it important?
How does Legacy Planning preserve my values and beliefs?
How often should I review my Legacy Plan?
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