J. Jeffrey Press, P.A.
Call our office for a consultation | 973-323-2654
Providing Personalized, Caring Service In Estate Planning

What is legacy planning all about?

There aren't many people who are excited to think about what will happen to their assets and their memory after they die. This is a depressing topic for most people, but a new buzzword is helping make this estate planning process more attractive to a broader audience.

"Legacy planning" is beginning to take the place of estate planning for many Parsippany residents. Some may think that leaving a legacy is a bit braggadocio. But, legacy planning actually involves a person creating their best life and then preserving that life work for future generations. A legacy plan should empower heirs to become their best selves as well. A legacy plan also allows future generations to be intentional in carrying out a person's wishes with their assets after they die. And, a legacy plan is for everyone, not just for those who are famous or accomplished important things. Everyone has a legacy to leave behind, but they are built while a person is still alive. Having a plan in place can be a good way for a person to stay on track and feel like they have a purpose.

Estate planning is important for everyone, regardless of financial circumstances. A legal professional who specializes in estate planning can help a person plan for the future. An attorney understands the trepidation a person may feel in creating an estate plan and can guide a person through the process with their current and future goals in mind.

Regardless of what you call it, estate planning is on the minds of many New Jersey residents. Having a plan in place can prepare a family for the inevitable and help give them peace of mind that everything will be taken care of the way they want it to be done.

Source: forbes.com, "Three common misconceptions about legacy planning", Daniel Scott, Nov. 15, 2017

No Comments

Leave a comment
Comment Information
Phone973-323-2654
Fax973-288-2070

J. Jeffrey Press, P.A.
8 Wood Hollow Road
Plaza Level - Suite 2A
Parsippany, NJ 07054

Phone: 973-323-2654
Map & Directions