Get Your Planning Done!
We work with many single/unmarried clients who have done well for themselves. These clients are prepared financially for retirement, however, there is a need to plan beyond that. Often, there is also a need to clean up the past if they are divorced or widowed. Making sure that their legacy is passed to the people they want it to go to requires planning.
Summer is often when families plan family reunions, weddings and other get-togethers where multiple generations have a chance to spend time together. Gathering with family often leads to conversation about personal matters. While this can sometimes leave people with a headache, it often sparks a desire to find out if they have done everything they need to do to be sure their assets are protected.
Clients without a legal spouse often are concerned that their children will inherit their assets. In some cases, there is a companion they wish to leave assets to. In other situations, children are still in college or grad school or sleeping on their couch and they want to be sure they receive a financial inheritance with conditions. There may be grandchildren and multi-generational planning is desired.
We recommend that our clients think about these scenarios and figure out what they want their legacy to be. Living Trusts and proper titling of real estate are two aspects of this planning. Summer is usually a good time to have that chat with a CPA about these issues and to plan for the end of this tax year.
For more general information on asset planning with regard to your real estate, check out our blogs on our website.
Quick Claim USA and their employees are not attorneys in the State of Nevada or in any other State or Jurisdiction. Quick Claim USA is not licensed to give legal advice and may not accept fees for giving legal advice. Should you have questions regarding any of the above items, you must seek the advice of independent legal/tax counsel of your choosing.