Parman & Easterday wants to help ensure you leave a strong legacy behind for your loved ones. Everyone, no matter how old or young or how much money they make, can build up a nest egg and can provide for their family or for charities and causes that they care about. The key is to create a plan to build and protect assets and to pass those assets on to the next generation or to charities that are doing the work you believe in.
The sooner you begin legacy planning, and the smarter the decisions you make during the process, the more you can achieve in your time on earth and the stronger your legacy can be. If you live in or around Oklahoma City, OK we can help you to get started today on building your legacy. Give us a call now to get personalized advice and answers to questions including:
- Is legacy planning important?
- What should be a part of my legacy plan?
- How Can an Oklahoma City, OK Legacy Planning Lawyer Help Me?
Is Legacy Planning Important?
Legacy planning is very important. You do not want your legacy to be one of uncertainty, with your family fighting over assets after your death or your family forced to make stressful choices if you become incapacitated. You also do not want a legacy of debt, or leave your family with limited or no property because you have not taken care to protect the assets that you have built over the course of your life.
When you create a legacy plan, you can take affirmative steps to protect the people you love, to provide for the causes you care about, and to ensure that the end of your life and the grieving phase for family members are as stress free as possible. You can control how much you put aside to leave for your loved ones, how your assets are kept safe, and even what happens to your property after you are gone. You can also take into account the special needs of any heirs, so your gifts that you provide to the people you care about never end up being a burden.
What Should Be a Part of my Legacy Plan?
It is up to you what your legacy plan will include. An experienced attorney simply helps you to define your goals and gives you the legal tools necessary to achieve them.
In general, legacy planning begins with setting goals for what you want to do with your life and how you want to be remembered. If you wish to have a secure retirement and enough money left over to help your kids financially or to give to a charitable organization, your attorney can help you to set saving goals, use special tax-advantaged accounts, and use trusts and other tools to protect your assets.
Your attorney can also make sure that your assets are not lost if you need to go into a nursing home; that your heirs don’t squander an inheritance; that a family business passes seamlessly to the next generation; and that you have someone you trust put in charge of managing your property in case something were to ever happen to you.
If you want to create a charitable foundation, use a charitable remainder trust to maximize the benefits of your charitable donations, or even give inter vivos gifts during your lifetime, your attorney can also help to make this happen. You control your destiny, and your attorney takes care of the practical reality of making your dreams for your legacy come true.
Give us a call today at (405) 843-6100 in Oklahoma City to learn more about the legacy planning services we provide. You can also contact us online to speak with a member of our legal team to discover more about why legacy planning matters and how we can help you.