• Facebook
  • Twitter
  • Instagram
  • Youtube
Call Us: (626) 355-4000
Cali Law
  • Home
  • Get Started Here
    • Estate Planning Basics
    • Single Parents
    • Married with Children
    • Life Partners with Children
    • Those Without Children
  • Who We Are
    • About Marc G. Garlett
    • How We Are Different
    • Meet Our Team
    • Our Office
    • Client Testimonials
  • Our Services
    • Estate Planning
    • Trust Administration
    • Probate Administration
    • Legacy Preservation
    • Community Outreach
  • Common Questions
  • Blog
  • Contact Us
  • Menu
Legacy Planning 91024

How to Use Estate Planning to Leave a Lasting Legacy

Estate Planning, Estate Planning Blog, Legacy Planning

father and sonSo what exactly is your estate? Simply put, it is everything you own. This includes your home (and any other real property you own), furniture, personal possessions, car, bank accounts, insurance, and anything else owned by you.

Estate planning is act of preparing for many important issues, including:

  • Providing instructions for your care in the event you are incapacitated or unable to communicate;
  • Naming someone to manage your financial affairs in case you are unable to do so yourself;
  • Naming legal guardians for your children;
  • Providing for your children (or other family members) with special needs in a way that won’t affect their government benefits
  • Protecting loved ones from creditors, predators, opportunists, and unnecessary taxes;
  • Providing protection for your assets, both during your lifetime and after;
  • Minimizing estate taxes and probate fees;
  • Planning for your retirement and long-term care costs.

Unfortunately, that’s about as far as most estate plans go. And that’s why they ultimately fail to help build wealth and preserve a legacy for the families that are counting on them.

You see, your wealth is much more than just the financial assets in your estate. Real wealth includes your purposes, passions, family values, memories and the stories that make up your own personal journey. This is your legacy.

A complete estate plan should not only give you control over how your estate is distributed to the people or organizations you care about, but also help to preserve and leave your real wealth and legacy for the next generation and beyond.

If you don’t already have an estate plan – or have one that needs to be reviewed and updated – make 2014 the year you get this done. We normally charge $750 for a Family Estate Planning Session, but because this planning is so important, I’ve made space for the next two people who mention this article to have a complete planning session at no charge. Call today and mention this article.

January 3, 2014/0 Comments/by CaliLaw
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on Linkedin
  • Share by Mail
https://www.calilaw.com/wp-content/uploads/2014/01/father-and-son.jpg 69 80 CaliLaw https://www.calilaw.com/wp-content/uploads/2020/02/Cali-Law-Logo-A5-1-300x99.png CaliLaw2014-01-03 20:09:492014-01-03 20:09:49How to Use Estate Planning to Leave a Lasting Legacy
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Blog Categories

  • Asset Protection
  • Beneficiaries
  • Blended Family
  • Business Succession Planning
  • Common Mistakes
  • Dementia
  • Digital Estate Planning
  • Divorce
  • Education
  • Elderly
  • End of Life
  • Estate Planning
  • Estate Planning Blog
  • Family
  • Family Values
  • Financial Caregivers
  • Gifting
  • Healthcare
  • Inheritance
  • Insurance
  • Kids Protection Planning
  • Legacy Planning
  • Long-term Care
  • Marc's Personal Blog
  • Medicare
  • Naming Legal Guardians
  • News
  • Parents
  • Personal
  • Pets
  • Power of Attorney
  • Probate
  • Real Estate
  • Retirement
  • Same Sex Couples
  • Special Needs Children
  • Spendthrift Trusts
  • Taxes
  • Trusts
  • Uncategorized
  • Wills
  • Wills vs. Trusts

Get In Touch

Phone

(626) 355-4000

Address

100 West Lemon Avenue, Suite 202
Monrovia, California 91016

Schedule a Complimentary Consultation

Simply Fill Out This Form

2 + 0 = ?

6 Tax Questions to Ask Before the End of the Year Estate Planning 91024 How to Use a Trust to Take Care of Your Pets
Scroll to top