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Establish a legacy, pass on values with estate planning

| Aug 21, 2018 | Estate Planning |

Most people already know that they should have a will that outlines how they would like their estate to be handled, including the distribution of their assets to heirs. However, this is just the tip of the estate planning iceberg. More than just passing on physical possessions, people in Lake Charles can pass on their values and create a lasting legacy

For those who plan to leave their prized memorabilia, rare valuables or priceless possessions, it would be nice to have some kind of guarantee that their heirs will truly appreciate their inheritance. Of course, individuals can choose to speak to their heirs in person prior to their death to explain this, but there are also other options. One can include a personalized note about the item, its significance and why the specific heir was chosen, which can go a long way in ensuring that the recipient fully understands the magnitude of what he or she received. 

Legacy letters are also a good idea for individuals who want to leave their loved ones with one last word of advice. These letters can outline life lessons, core values and so much more. Although they may seem insignificant, they are a nice touch for grieving family members. 

A charitable donation may have an even bigger impact than a note about an inheritance or a legacy letter. This is an excellent choice for people who were avid donors to charity in their lifetime and want to continue that practice even after death. When people choose to bequeath money to a charity as part of their estate planning, they can create a lasting impact for good. 

Estate planning does not have to be a cold, emotionless process. Indeed, people in Lake Charles can take the opportunity to consider what kind of legacy they are creating with their current plan. There are usually many opportunities to create a more well-rounded plan that also focuses on creating a better tomorrow. 

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