No two people are the same, meaning no two estate plans will look the same, either. But when it comes to making your own, it’s natural to compare your needs with others. You may find yourself thinking: The reality is your estate plan should reflect your individual needs—not others’. Remember, there are three core planning […]
If you’ve perused the internet for estate planning articles, you’ve likely come across the term “probate.” Chances are, it probably wasn’t painted in the most flattering light. Probate court has cultivated a somewhat negative reputation over the years. But when a loved one passes away, that may be where their assets end up. If that’s […]
While sitting down with your spouse to prepare your estate plan, you’ll likely talk about two fundamental documents: a will and a trust. But before you get lost in a sea of internet search queries about which is right for you, let’s take a step back and help you create a strong foundation that may […]
A parent’s worst nightmare is leaving their children too soon. That makes planning for the unexpected an undeniably challenging task many don’t want to confront. It’s our hope, however, that taking the time to build a plan now will help to protect your children in the unlikely event of your early passing. Facing these decisions […]
Many families commonly aim to leave a meaningful inheritance for loved ones. But have you considered giving away more of your money and assets during your lifetime? The trend of giving while living is taking over, and there are plenty of strong reasons why. From seeing your legacy in action to managing tax liabilities, here’s […]
Trusts are a beneficial estate planning tool. Yet many families think that trusts are only for those with an ultra-high net worth—fancy hotels, fast cars, and glamorous trip types. The truth is, a trust can be helpful for people who wish to create a thorough and streamlined estate plan. Below we highlight what a trust […]
One of the greatest fears many parents have is leaving their child too soon; even worse, a child left without either parent to care for them. It’s a nightmare no one wants to think about, but a scenario young couples should prepare for. If you and your spouse were gone tomorrow, who would you trust […]
It’s arduous to think about how your passing will impact loved ones. And while mourning the loss of a family member is tough enough, family dynamics regarding your estate and legacy can make it even more complex. While you’re still in good health with many exciting years ahead, now’s an ideal time to consider how […]
The estate planning process is a complicated endeavor, but it’s an essential part of protecting your assets and loved ones after your passing. One way to think about the division and transfer of assets is to place them into two categories: easy money and hard money. But what do these terms mean, and how can […]
The new year is an exciting time to start fresh and celebrate new beginnings. As you get to work putting your financial house in order, now’s an ideal time to run through your estate planning checklist. If you haven’t started your own to-do list, that’s okay! Our team at Legacy Wealth Advisors has put together […]
If you have questions about retirement planning and want to work with a financial advisor that cares about you and your goals, let’s talk.
Legacy Wealth Advisors | 41700 Hayes Rd., Ste. A Clinton Twp., MI 48038
Phone: 586.273.0072 | Fax: 888.501.2361 | Email: info@legacy-wealth.com