Many people feel that estate planning is for the elderly or the rich or is not something they want to discuss because it focuses on death. Dealing with the financial aspect of your estate is important, but also focus on the matters of your heart as you map out your estate plan.
Financial experts suggest that you think of planning your estate as a means of transferring your values to the next generation. How you eventually distribute your material wealth will communicate a clear picture of your values to the generations that follow you. Your estate plan should focus on three objectives:
Often solutions for reducing taxes provide opportunities for you to direct dollars to worthwhile charitable causes and organizations that you genuinely care about.
Once you’ve made provisions for your loved ones, ask yourself:
We are grateful to the many individuals who support their values with regular contributions to the HCMH Foundation. In light of these contributions, we encourage you to review your estate planning to see if it lines up with your values.