Defining your legacy
Legacy planning isn’t always an easy topic, but it’s worth the effort to decide how you want to share your legacy and make the process easier for your heirs.
Here are a few tactics you may want to use, with help from your family and professional advisor:
- Define an effective strategy for distributing your wealth by completing an estate planning checklist.
- If necessary, determine how to handle a wayward beneficiary. Rather than ignoring the family black sheep, develop a plan to address any concerns. This can include a well-structured plan, such as a trust that abides by your wishes.
- Discuss your plan with your beneficiaries individually to make sure each understands the details of your intentions. Once you’ve established your plan and shared your intentions, don’t forget to regularly review your plan and make changes when necessary.
Call our team at TFCU Financial Advisors for an estate planning checklist or to meet with a financial advisor.
TFCU Financial Advisors
6501 Tinker Diagonal
Midwest City, OK 73110