When you are thinking ahead to the future, your legacy should be an important consideration. Legacy planning is not just something to begin considering when you are older and nearing the end of your life. Throughout the course of your life, you should be considering what mark you want to leave on the world and what goals you want to achieve so you can make the most of your time on earth.
A Geneseo, IL legacy planning lawyer helps you to identify your desires and plans for the future and to take concrete steps to make that happen. No matter your age, your income level, or your passions, creating a plan is key to achieving your dreams both for your lifetime and for what you leave behind. Give Nash Nash Bean & Ford, LLP a call today at 800-644-5345 to get personalized legacy planning advice and answers to questions you may have including:
- What is involved in legacy planning?
- When should legacy planning begin?
- How can a Geneseo, IL legacy planning lawyer help you?
What is Involved in Legacy Planning?
Legacy planning, at its most basic level, involves creating a comprehensive estate plan to determine where your assets will go after your death. Whether you have family heirlooms, items with sentimental value, or a substantial amount of money to distribute, you do not want your family fighting over your property. Instead, you want to make a plan to facilitate the fast and efficient transfer of assets to the people who you wish to make gifts to.
While the creation of an estate plan – including wills and other tools like trusts – can form the basis of a solid legacy plan, many people choose to do much more. With help from an experienced attorney, you can make sure you are saving enough to build a substantial estate to leave behind to people and causes you care about. You can build and protect a family business or farm; you can reduce estate taxes to provide more for your heirs; you can maximize the value of charitable contributions through the creation of a foundation; and you can do so much more.
The only limits when it comes to the mark you leave on this world are your own desires and your own imagination. Whatever your goals are for leaving the world a better place than you found it, Nash Nash Bean & Ford, LLP is here to make sure that you can achieve your dreams.
When Should Legacy Planning Begin?
Legacy planning should begin as early as possible. If you want to make a big impact by leaving your children with substantial wealth or by making generous contributions to charity, you should get help as early as possible in your career for advice on building wealth.
Everyone, even people without substantial incomes, can save a lot of money over the course of their life by investing early and making strategic investments. You can also get help saving for your future and for your legacy through the use of tax-advantaged accounts.
Even if you do not start when you are young, it is never too late to begin working on your legacy. You do not want to put your assets at risk of being lost due to nursing home costs or because of irresponsible heirs, and you never want a gift you give to be a burden on the recipient. A legacy planning lawyer will help you to protect your own assets both during your life and after you pass away, and will also assist you in taking into account any special needs your heirs may have which can influence how an inheritance should be structured.
You do not want your legacy to be family fighting, or to be confusion and stress as your family goes through complicated court proceedings because you did not plan in advance. Get the help you need today to make smart choices to control the legacy you leave.
How can a Geneseo, IL Legacy Planning Lawyer Help You?
Nash Nash Bean & Ford, LLP is ready to begin working with you today on a plan for your legacy. If you are ready to move forward in setting goals to make your life’s work meaningful, to protect your assets, and to control your own legacy, give us a call today at 800-644-5345 or contact us online. Our Geneseo, IL legacy planning lawyers will arm you with the knowledge and legal tools necessary to make sure your legacy reflects your values and protects those you love. Call today to learn more.
