What aspects of estate planning will help secure my financial legacy?

By Jordan Loebel, JD | Asset & Income Protection Advisor

The volatility of the political, economic and regulatory climates makes it increasingly more difficult to ensure that a family’s liquidity needs are protected and perpetuated for future generations. When contemplating financial wealth preservation strategies, individuals who consult only with their financial wealth advisor often forget, or simply overlook, additional preservation strategies that are extremely cost effective in helping to preserve the continuity of a family’s assets.

Through the procurement of products such as life insurance, disability insurance and long-term care, you and your family can preserve the assets you’ve worked so hard to accumulate. Here’s how:

A preemptive approach to planning for a myriad of known and unknown events ensures that your liquidity needs are met and your personal assets are transitioned in an efficient manner. Work with your advisors to plan for how much life insurance, disability insurance and long-term care you need; and determine for how long you’ll need it and what you can afford to pay.

By consulting with not only your wealth advisor but also your insurance advisor, CPA and attorney, you may be able to better protect and perpetuate your family’s assets for generations to come.

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