What is legacy planning?

Legacy planning is the process of ensuring that you have taken the necessary steps to create a strong legacy. It goes beyond just making a Last Will and Testament. You need to ensure that you have taken steps to protect your wealth as you get older so that you have the money to leave the legacy you want to leave. You also need to identify the best way to facilitate the transfer of assets to your loved ones so you can best provide for your family. Estate planning tools such as trusts could be a part of your legacy plan, depending upon your situation. Learn more here about what legacy planning is and how an elder law attorney can help you to create your legacy plan.