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Without it, your loved ones could be left to deal with complicated legal hurdles or frustrating financial entanglements.
A will is a start, but for more robust protection, a trust is your best bet.
Trusts can help reduce estate taxes and provide long-term financial security to your beneficiaries.
These should be reviewed at least annually across all your financial accounts and life insurance policies.
Thats why you better get intentional about building wealth through investing.
But are you truly laying the groundwork for building wealth that spans generations?
How are your long-term savings invested?
Are your investments properly diversified?
Are you taking full advantage of tax-advantaged savings vehicles?
This is where working with a financial professional can make all the difference.
Thats admirable, but you cant pass down wealth if you run out of money in retirement.
But did you know its also one of the most effective ways to create and preserve generational wealth?
These guarantees of a whole life policy are based on the claims-paying ability of the issuer.
Life insurance isnt the only kind of insurance that can protect your loved ones.
In fact, if youre setting yourself up to leave real wealth behind, its absolutely essential.
You should be regularly talking to your kids about money in age-appropriate ways.
Tell them why you set up an auto-draft to fund your savings.
Talk to them about investing even before they quite understand the terms.
Explain why you pay your credit card in full every month.
A solid estate plan is only as effective as the heirs ability to manage it.
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