Deciding who will inherit your wealth when you pass is not an easy task. For starters, none of us are particularly fond of thinking about our own mortality. Not only that, but it can be hard to know the best method for breaking apart your assets among your family and friends. As experience Denver retirement income planners, we work with countless families across the metro area who are preparing for retirement and who are focusing on estate planning as well. We can help you put together a plan that encompasses your years spent in retirement, as well as what will happen to your wealth when you pass.
Family and friends are not the only ones you can leave your wealth to. You can also consider charities and organizations as you plan your estate. Are you passionate about a particular cause? Leaving a portion of your wealth to a non-profit can be an excellent way to leave a legacy beyond your life. Take some time to consider what organizations might benefit most from your funding.
While, ultimately, you cannot control how your family and friends behave after your death, you can take into consideration the feelings of those who will be left handling your estate.
Finally, be sure that however you decide to handle your wealth distribution it is exactly what you want. Don’t allow any family members to bully you into doing something that isn’t right in your heart. Your wealth is yours to do what you want with. If you feel like donating everything you have to a charity you are passionate about, you have that right. Be sure you consider exactly what you want and work with a professional estate planner to guarantee that things will be handled as you wish.