The legacy that you leave on the world can make a profound impact on the lives of your family and on future generations. You don’t have to hope that you leave a positive legacy – you can make that a reality. The sooner you begin the legacy planning process, the more control you will have over the impact that you have on those around you for generations to come.
The Potter Law Firm provides comprehensive assistance with the legacy planning process. We advise people of all ages, and we will help you to make sure you control your legacy regardless of your income or assets. Give us a call today to get started on taking control over your own future and to make sure you can help shape the world you leave behind. We will provide personalized advice during the legacy planning process and can answer the questions you may have including:
- Is legacy planning something I should do?
- What should be involved in legacy planning?
- How can a legacy planning lawyer help me?
Is Legacy Planning Something I Should Do?
Legacy planning is something every person should do. While many people don’t begin to think about their legacies or about all they have accomplished until they are older, you do not have to wait. You can set goals for your own legacy when you are young and you will have more time to work towards making your mark on the world.
No matter what your age, it is never too late to make a plan for your legacy. When you take control over your destiny, you can save more money, put that money in the right types of accounts, protect the assets you have acquired, and ensure your money is used for good.
With the right legacy plan, you won’t need to worry about family fights over assets, or about your gift being a burden on heirs. You can make sure that you provide a better life for future generations or for thousands throughout the world with your charitable contributions. It is up to you to begin today; everyone should take that first step.
What Should be Involved in Legacy Planning?
The legacy planning process is a very personal one, and it is one that you should work towards with an attorney who can provide you with the tools you need. The steps that you may wish to take in your legacy process could include:
- Setting goals for saving, automating saving, and using the right financial accounts which provide tax breaks so you can set aside more for the future.
- Using trusts and a power of attorney to protect the wealth that will become your legacy. You can protect your assets during your lifetime and after your death so there is money to use to do good, rather than worrying about losing assets to nursing home bills or because your heirs are irresponsible.
- Creating a comprehensive estate plan so the money you have made can be used to achieve your desired goals for your loved ones or for the world. You can ensure heirs don’t lose their inheritance to bankruptcy or divorce, and can maintain continued control over assets depending upon how you choose to set up your plan. You can also take steps to avoid estate taxes so your money is used by your loved ones, not given to the government.
- Creating a charitable foundation or charitable remainder trust. You can maximize the value of the contributions you make to achieve the most benefit possible for yourself and for the causes you care about.
These are just a few of the possible legacy planning steps that you may wish to take. As your assets grow and your goals change, you can work with an experienced attorney to make sure your legacy always reflects your current dreams.
How can a Legacy Planning Lawyer Help Me?
The Potter Law Firm has provided comprehensive legacy planning assistance to clients throughout the Charlotte, NC area and in Ashland and Northern Kentucky. We help you at all phases of your life, and we will work to ensure you can shape the world around you by leaving the strongest legacy possible. You don’t need to be a millionaire to make a difference; we will give you the tools you need to make sure your life matters long after you are gone. To learn more about how we can help with the legacy planning process, contact us online to learn more.