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How Evan Golightly Is Helping Owners Protect What They Have Built INSIDE THIS ISSUE 1.
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Parenting Pointers for Pops and Gram
The Future of Your Business Should Not Be Left to Chance
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Family Gatherings Made Simple
Patriotic Crispy Rice Treats
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The Joy of Watching Your Legacy Make a Difference Today
When most people think about estate planning, they envision leaving their hard-earned assets to their heirs so they can use them to live a more fulfilling life. With that inheritance, you could help your children afford a new house, your grandchildren go to college, and so much more. However, you do not need to wait until you are no longer around to bless your loved ones with amazing gifts that bring so much opportunity and joy into their lives. There is something special about giving your kids something potentially life-changing and being around to watch them appreciate it and use it to better their lives. Right now, the average age at which a woman has her first child is almost 28. Men are slightly older on average, and both numbers have increased over the past few decades. Life expectancy in America is about 79 years. That means the average age at which someone would inherit is in their 50s. Is the money from your estate going to be more valuable to them at that age, or when they are still growing, developing, and finding their path? The simple truth is that you do not have to wait to gift things to your heirs that can better their lives. Now, this does not mean you need to sign over your house and bank accounts to them. This is not about spoiling your children, but providing practical help that can benefit their lives. Think about things like gifting equity in your business, funding a down payment for a house, or opening a Roth IRA. If you open up an account for them, you do not have to give them access right away. You can set parameters so they receive funds only when they reach a certain age or cross an important milestone. This can be a delicate line, as you do not want your gifts to be abused, nor do you want to spoil your kids with more than they really need. It is all about being strategic and finding practical ways to help them improve their lives.
WHY WAIT? THE BEST TIME TO HELP YOUR HEIRS MAY BE RIGHT NOW
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