Why Do I Need a Legacy Plan?

For high net worth individuals, estate planning can often focus on how to maximize the wealth that heirs will inherit through tax planning. Have you considered, however, whether your heirs are prepared to handle the wealth they will inherit? A legacy plan can provide financial education for family members who might need it, but that is only the beginning of what a legacy plan can do. A legacy plan can help younger generations understand how to carry on the values and traditions that your family has established, possibly over generations, and can ensure that the assets you have worked hard to earn and maintain are not used in ways that don’t align with those values. This is usually a collaborative process between family members and an experienced legacy planning attorney, who can guide the process in the way that best suits your needs. We can help to facilitate these sometimes delicate conversations, guiding family members toward a plan that all understand and can get on board with.

Law Office of Polly Tatum

19 Cedar St Worcester, MA 01609

(774) 366-3688

https://www.LawOfficeOfPollyTatum.com