Many people find it difficult to discuss what will happen to their family after a loved one passes away. People want to ensure that their families will be taken care of, but often, they do not discuss what their wishes are.
Planning your legacy is one of the most loving things you can do for your family. It will help avoid stress and provide a clear roadmap to pass on your legacy.
To get started building your legacy plan, you’ll want to take care of the basics. Gather all of your information regarding your estate including:
- Contact information for yourself, your family members, and your advisors
- A list of all of your assets and income including your property, bank accounts, and investment accounts
- A list of your life insurance policies and annuities, retirement plans, and business interests
- A list of any outstanding debts
This is a great outline for you and your family to be familiar with, and it should be updated regularly.
We provide our planning clients with a workbook to organize and document all of their financial and asset affairs. One client calls it her "baby book" for her estate!
You’ll want to make it as easy as possible for your family to pass on your legacy and avoid probate. This is where an experienced Estate Planning attorney comes in! At My Pink Lawyer®, we have worked with women and families for over 20 years helping them with their legacy planning needs. We help families like yours plan and organize your estate to be passed on to future generations and avoid potential family fighting and misunderstanding or confusion about your life legacy.
A good plan will protect your family and yourself, ensuring that your wishes will be carried out and your affairs will be settled without hassle after you’re gone. Remember to be proactive and plan ahead. Your spouse, your child(ren), and your loved ones are counting on you.
Learn more about planning your legacy by reserving your Family Succession Strategy Session with one of our attorneys!