Leaving Your Legacy

Everyone leaves a legacy. The older we get, the more we consider what it will be. 

Successful people often turn to estate planning to further their legacies because a thoughtfully designed estate plan may help them express their values and transfer their wealth at the same time. It may also allow them to die with their financial affairs in good order, in consideration of those they love.

Legacy planning starts with five basic elements:

A will. This is the touchstone, the document in which you specifically name the people you want to inherit your assets.

A financial power of attorney. This document legally authorizes another person to make financial decisions for you if you become incapable of making them.

A health care proxy. This document legally authorizes someone to make health care decisions for you in the event you cannot.

A living will. This expresses your preferences regarding decisions about life support and life-sustaining medical intervention.

A revocable trust. This legal entity, defined by an agreement that may be revised during your lifetime, authorizes a trustee to hold title to and manage certain assets of yours.

Now is the time to plan your legacy. Without an estate plan in place, your heirs may face aggravating financial issues as they grieve. If you have not yet planned your estate, I urge you to proceed. Please call me or email me, as I would like to help you explore your options.

The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.

Brio Financial Group is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Brio Financial Group and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Brio Financial Group unless a client service agreement is in place.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.