Over the years we have all heard that people can do more with less effort by understanding the power of leverage. With this month's column, I'd like to share some powerful leverage options that you might want to considered through the estate planning process with clients.
Pose a problem and ask for a solution from four different advisors (Insurance professional, Investment professional, Attorney and an Accountant) and you'll get four different solutions, each from a different perspective.
"Didn't our father already have an estate plan?" David's son and little princess asked. They just couldn't realize why their daddy, as a retired small business operator, had involved in prosperity planning at years 78, after he previously already done real estate planning when he previously retired from his business over 13 years ago. If you want to know more information regarding estate planning, you can also navigate to http://www.edmundvincentlaw.com/.
As I listened to their questions and concerns. Gordon replied, "David, your father wished to leave his family an inheritance greater than just his money. He wished to spread his moral will and prices and he wished to leave an enduring legacy to his community."
"It's about dreams and fingerprints. That's what folks want to make use of their prosperity for. Gordon continued. "Perhaps you have ever before said, 'One day when I've more income I'll do that and this?' Well, those are dreams. Fingerprints are those ideas that you would like to leave your draw on even once you are gone, folks, causes, and corporations you care and attention deeply about."