Page 44 - Ultimate Guide to Estate Planning Third Edition_Neat

Is estate planning about transferring
your assets or is it about preparing
your loved ones for a lifetime without
you with the wealth you are leaving
them?

Consider preparing your heirs to receive the
assets. Couple the distributions of your
wealth with expressions of the family
values that you find important and you
want to perpetuate. Perhaps education,
entrepreneurship, home ownership, a cabin,
transcontinental travel, financial freedom in
retirement, religious affiliation or even the
value associated with charitable
contributions.

All of these values and more can be
perpetuated by carefully drafting language in
your estate plan. So why are they normally
not included in the estate plans that we
review? I believe it is because the strategies
don’t easily fit into commonly used templates

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