Have You Forgot About This in Your Retirement Plan?

By Admin Prepare

February 12, 2019

By The Prepare Institute

When people think of estate planning, it is generally thought of only being needed by the ultra wealthy.  Actually though, this isn’t the case.  Whether people realize it or not, estate planning is a big part of retirement planning.  Because of legislation and demographic changes, as well as tax, inheritance and privacy laws, proper estate planning is greatly needed in almost all retirement plans.  So, make it a point to not forget about estate planning. 

The ultimate goal of estate planning is to pass your unused assets to your heirs the most effective way, with the least amount of taxes, expenses, fees and do it as privately as possible.  In other words, to protect and preserve your legacy for your family, loved ones and your charitable causes and interests.  And you do not have to be extremely wealthy to have this desire.

That is why you cannot forget about proper estate planning and the many areas and factors that it entails.  A few of these areas and factors are common, like proper estate planning documents such as a will or a trust. But most people don’t think of the additional areas and factors regarding estate planning.  So, make it a point to learn of everything that must be addressed in order to maximize, protect and preserve your legacy the absolute best way. 

For more detailed information on estate planning and all areas of retirement planning, visit The Prepare Institute website and find an upcoming retirement education course in your area.    

Content is for educational and informational purposes only.  It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. You should contact your retirement and tax professional before utilizing any of the information in this article.