142 Spanish Moss Cv,
Defining Your Legacy
You are working hard to accumulate wealth to achieve the goals and provide the income you need throughout your lifetime.
An estate plan isn't just for the wealthy.
Legacy planning takes a holistic approach to making sure your vision for your wealth is carried out in your lifetime and distributed through your estate according to your wishes after your passing.
Work with a professional to set up an estate plan.
Your will is the document in which you can name whowill care for your minor children or other dependents, anddirects who will inherit your property. Once the directionsin your will are carried out, the document expires.
You may decide to set up a trust to provide for theongoing care of your heirs, or the ongoing disposition ofyour assets. For example, you can set up a trust that willprovide an income for your spouse or to care for a disabledchild. Unlike your will, a trust is a document that surviveseven after your will expires.
Depending upon where you live, you may want toconsider both a health care declaration and a Power ofAttorney for health care. Some states combine thesetwo documents within an advance health care directive.Together, these documents allow someone you chooseto carry out your health care decisions, or to make healthcare decisions for you, in the event that you becomeunable to do so.
In this document, you give a trusted person or entity theauthority to handle your money and property in the eventthat you are unable to do so.