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PLANNING YOUR LEGACY A Guide to Wills Trusts SCOTT COUNTY COMMUNITY FOUNDATION 2 Will Estate Planner Planning for the Future A Guide to Planning Your Will and Trust A person may work forty years to accumulate assets and spend ten to twenty years conserving that accumulation but often takes two hours or less to plan for distribution of the assets. Through good planning a wonderful chapter in the book of your life can be completed* However too many times there has been little planning...
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How to fill out Planning Your Legacy

01
Start with a clear understanding of your values and priorities.
02
Gather necessary documents, including legal papers and financial statements.
03
Outline your wishes for asset distribution and healthcare decisions.
04
Consider including personal messages to your loved ones.
05
Identify an executor or trusted individual to carry out your plans.
06
Review and update your legacy plan regularly to reflect any life changes.

Who needs Planning Your Legacy?

01
Individuals looking to provide for their family after their passing.
02
Anyone wanting to ensure their wishes are honored regarding healthcare and estate management.
03
People with substantial assets or complex family situations.
04
Individuals seeking peace of mind regarding their legacy.
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Planning Your Legacy is a process of outlining how your assets will be managed and distributed after your death, including the preparation of legal documents such as wills and trusts.
Typically, any individual who wishes to ensure that their wishes regarding asset distribution and other posthumous matters are documented and legally recognized should consider filing Planning Your Legacy.
Filling out Planning Your Legacy involves gathering necessary personal and financial information, consulting legal templates or advisors, and accurately completing the required forms to designate beneficiaries and outline your wishes.
The purpose of Planning Your Legacy is to provide clarity and direction for the distribution of your assets, minimize potential disputes among heirs, and ensure that your final wishes are carried out effectively.
Information that must be reported typically includes your personal details, the details of your assets, beneficiary designations, any existing debts, and instructions regarding your healthcare and financial decisions if you become incapacitated.
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