Your legacy will be left behind when you are no longer around, and there are those who don’t give it a whole lot of thought. They simply go about their business without much concern about what they will be leaving behind after they pass away.
You may have seen bumper stickers that say something to the effect of “We are spending our children’s inheritances.” This is the type of attitude that we are referring to and if this is your strategy it is certainly your right to spend your money as you see fit.
However, some people look at the matter differently. They do in fact want to take care of their children and grandchildren and perhaps provide something to charitable causes as a final act of giving. If you feel as though you have specific legacy goals, it is important to identify these objectives early on and act in a way that allows your vision to come to fruition.
Your goals for tomorrow are going to impact your decision-making today. Budgeting and investing with the future well-being of your family in mind is the key to being able to reach these goals and pass along a suitable legacy.
It is understandable that not everyone is a financial planning expert and you may not know where to begin. Should you feel this way, the intelligent first step is to reach out and make an appointment with a good South Carolina estate planning lawyer. He or she will listen attentively as you explain your objectives, analyze your financial situation, and make the appropriate recommendations.
John Kuhn, Estate Planning Attorney
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