Websters Dictionary defines the term “Legacy” as: 1) a gift by will especially of money or other personal property, or 2) something transmitted by or received from an ancestor or predecessor or from the past. As an estate planning attorney, I see the term “legacy” most often associated with the transfer of money or some item of real or perceived worth. While that most certainly is an appropriate use of the term under the first definition above, it’s a use that greatly diminishes what a legacy can and perhaps should be.
“A fate worse than death….” We’ve all heard this saying before, and when it comes to planning for your future and the future well being of your loved ones, the saying often holds true.
For many people, the decision to purchase life insurance is somewhat of a given. You’re going to pass away one day, right? So why not leave a pot of cash for those you leave behind?
As estate planners, most of our clients come to us seeking guidance as they plan for the end of their lives, focusing on how they are going to take care of those people and things they care about the most when they are gone. This is certainly a necessary endeavor, but planning for our timely or untimely deaths is only a part of comprehensive estate planning.
As an estate and special needs planning attorney, the great majority of people that I come into contact with, whether they be friends, clients, colleagues, or associates, have a charitable cause or belief that is very near and dear to their hearts.
Assure Estate Planning focuses on providing estate planning for individuals and families of special needs children and adults. Often the keystone of planning for those individuals and families is the Special Needs Trust (SNT), in some circumstances (described below) known as the Supplemental Needs Trust.
One of the most rewarding aspects of being special needs estate planners is the opportunity we have to work with professionals from other disciplines in order to help those families of special needs children and adults. From insurance professionals, financials planners, accountants or clinicians and therapists, special needs planning allows us to work with people who are as dedicated as we are to helping families deal with their very unique, very special circumstances and challenges.