When it comes to New Year’s resolutions, if half are made about health, the other half are made about finances. It seems there is always room to be smarter about money; planning for retirement, saving for college, deciding what to do with that home equity. When it comes to money, we all know there is a mind-boggling array of options. What you might not know is that planning for your future can help you improve your present, and your estate planning attorney can help you with the following issues:
Retirement Planning: Ask your attorney about the recently developed Retirement Trust, which not only extends your retirement fund past its initial payout date, but gives you more options for distributions.
Saving for College: If you have children who will one day be in college, your estate planning attorney can help you make sure they will have the wherewithal to follow their (and your) dreams for education in the event that anything happens to you. An education trust is the perfect way to provide for your children’s schooling.
Investing for the Future: The future is the business of an estate planning attorney, whether it be protecting your life insurance policy for your family, saving your property from probate fees, or minimizing your taxes. But you have to take steps NOW.
Prepare for the future by taking action in the present. And the best part is that creating an estate plan is tax deductible. This means that saving for future generations is saving for you too.
The year is looking better already!
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