Estate planning is something everyone needs to go through, especially as we get older. The need for a plan will become more apparent as we age, and we will even feel that it becomes important to use personally. There are certain things about estates that some people will find more important over others, such as what to do with certain assets, whether donating them or leaving them for children. In this video, you will learn about some of the best advice from an estate planning lawyer. He has been in the industry for over 30 years and is, therefore, able to look back at how estate planning has changed over time and be aware of different values.
The estate planning attorney in the video discusses the difference between an inheritance and a legacy and how they can affect the recipient either positively or negatively. He also suggests considering family values and using inheritances wisely to motivate those family values. Also remember to think about people who aren’t necessarily family, such as friends or influential people or non-profits.