What's family legacy planning?
Once you have an estate plan that captures where your assets will go upon your death and who can make financial and health care decisions if you become unable to do so, it's time to start thinking about legacy planning. This is where you'll shift your focus from finalizing legal documents to preparing your family to inherit your wealth and execute your wishes.
Ask yourself this question: "How prepared are your loved ones to inherit your wealth if something unexpected were to happen tomorrow?" It's a simple question that reinforces the importance of legacy planning and can be a great motivator to start these important conversations early. Delaying these discussions can lead to frustration and the possible loss of wealth down the road.