When we think about leaving behind a legacy, a lot of different things come to mind. Our children, work, and accomplishments are probably the first things we think about when it comes to legacy. We want to protect our legacy after we pass on, which is why speaking with an estate lawyer is such a great idea. Estate planning can help you protect your legacy in a variety of different ways. Keep reading on below to learn more and make sure you find a great estate planning lawyer to set everything up for you legally.
One of the best ways that estate planning can help you protect your legacy is by providing for your children after you are gone. You can lay out your last will and testament and estate in a way that helps your kids get your assets after you pass away. That way, any wealth and assets you’ve worked hard to gain throughout your life will pass on to your kids. The peace of mind you get knowing that your kids will be provided for after you are gone is priceless.
Another thing to think about when you are working with an estate planning lawyer is any charitable donations you’d like to make. It’s easy to set up your will in a way that allows you to donate money or assets to your favorite charitable cause. This is a fantastic way to protect your legacy and contribute to the causes you really believe in. You can use a residual bequest that allows you to pass on some of your assets to a charitable organization after your beneficiaries are taken care of and your debts are paid. Reach out to an estate lawyer today to learn more about donating to charitable causes.
If you have accumulated valuable assets over your lifetime, you can make sure they stay within the family after you pass on. That means things like art collections, cars, and anything else you deem valuable will go to your family members. This is a great way to make sure your legacy is protected after you are gone.
We hope this article has provided you with some great insight into protecting your legacy with estate planning. Reach out to an estate planning lawyer today if you have any additional questions.