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You have worked hard to build what you earned. So, it is only natural that you want to establish and nurture a legacy that will last for yours or even decades after you’ve gone. Accomplishing the estate planning basics like a last will and advanced directive are a vital importance. But, it is also beneficial to think about the process more holistically.
Creating and maintaining a legacy plan gives you your best chance at that lasting legacy, whether that involves creating a trust, starting a foundation, crafting your last will and testament or all of the above. By creating your legacy plan, you are ensuring that you can continue to support the people you love even after you have passed on.
The estate planning process is designed to help you pass on those assets to your loved ones, or even a deserving charity. As you make these decisions, you must also consider the impact of income taxes, and other responsibilities that might be passed on to your heirs. Will you need a will or a trust?
If you are a business owner, you face an even more complicated dilemma. What will happen to your business when you are gone? What about your partners and employees? Can you be replaced? Should your business be sold to provide for your family?
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Its no wonder many people delay these difficult and emotional estate planning decisions, but it is a necessity we must all face. With Clark Financial Partners by your side, you can be sure that your lifelong legacy is passed on as you want it to be. Call us for a free consultation.
The link below will provide you with a 10-day free trial to complete your estate documents. Pay nothing until you are ready to print!