• Sarah Carlson

Leaving a Financial Legacy

Death is part of life, and although you cannot change that, you can take control of what happens to your monetary holdings after you pass. This is a sensitive topic that we often don’t talk about or frankly even want to think about.

However, if you do not have a plan for when you are gone, you have no control over what happens to your assets. In this blog, we want to discuss what you may need to consider when creating YOUR plan and how to leave YOUR finances the way you see fit.


Review Your Financial Standing

Where does your money live?

  • Savings account

  • Stocks

  • Investment holdings

  • Real estate

  • Possessions

Your wealth is not just what you have sitting in a bank. It is comprised of all your possessions and funding combined. This, for some, is where keeping track of assets can get tricky. But it doesn’t have to be!

First, create a document that lists your assets. Then, estimate what your home, boat, RV, and other assets are worth. Once you have an organized, estimated value of your holdings, it will become much easier to allocate to whom those assets go when you are gone.


Plan Accordingly

The next step is entirely personal. When implementing financial planning:

  • To whom do you want to leave your assets?

  • Do you want to divvy it up between living family members, give to a charity, or create a scholarship fund?

  • What kind of legacy do you want to leave behind?

Take time to think about this question and do what feels right for you. Ponder this topic and take control of the fate of your assets.


How can I Help You Live Your Desired Lifestyle?

I’m offering you a complimentary one-on-one session where we discuss your goals and dreams. Let’s chat, I’d love to listen and understand your unique situation.


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