Estate planning does not need to be just about property and money. It can also create a lasting legacy, if you can be flexible enough to consider your options.
Sometimes when people go to an estate planning attorney, they already have a good idea regarding what they want to accomplish with their estate plans. That is often a good thing.
However, if people are too rigid and not willing to reconsider some of their options, they might not get the best estate plan for themselves and their families. This is especially true, if people are set in the workings of their plans, instead of its end results, as Financial Advisor discusses in "All You Can't Leave Behind."
When people are willing to consider different methods of distributing their estate,, they have an opportunity to change their legacy. A legacy is more than what people give to others in their estate. It is also how others remember them.
Different methods of estate planning can change how people are remembered. Even something as simple as using a trust can create the opportunity for a much different legacy. Trusts can be constructed with all kinds of different legacy changing provisions.
The key when you sit down with an estate planning attorney is to let the attorney know where you want the items in your estate to go, while keeping an open mind on the legal means to get the assets to your beneficiaries. Your attorney can advise you on your options.
Reference: Financial Advisor (May 1, 2018) "All You Can't Leave Behind."
Suggested Key Words: Estate Planning, Will, Trust