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What is Legacy Planning

Many people think that legacy word is only associated with famous and rich people but this is not true.  This is the way to transfer of dreams, history, family goals and financial assets. If you want to transfer your family goals and value to next or future generation, then legacy planning may be helpful. It is really important for the people with business and other asset that requires maintenance. A person’s wealth or assets passes to people specified in a will after his/her death and this affair is planned by a law firm.  Many families want to share their history, dreams, goals and aspiration with their future generation; they can go for legacy planning. Financial consideration is also an integral part of legacy planning. This is a financial strategy that helps a person in planning to bequeath his/her assets to next generation or loved one after his/her death. Legacy planning is usually organized and planned by a financial advisor or law firm.     You need to start legacy planning early. A law firm can provides advice on how best to prepare your...