What is Posterity Planning?
Learn How Our McKinney Estate Planning Lawyers Can Help
Posterity planning is a method of estate planning where an individual focuses on creating opportunities for his or her family, friends, or loved ones. In contrast, most estate planning attorneys’ primary concern in planning for an individual’s estate is the transfer of assets. Transferring assets is important; however, it should not be the primary focus in posterity planning.
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The most sophisticated people in the world plan for opportunities for those who they love. We all have goals in our lives. Most of those goals revolve around our needs of certainty, love, connection, variety, and significance. Many times people believe that money fulfills these needs. After time we all learn that money does not provide for these needs; however, money can be used to provide proper experiences and tools to help an individual find these needs in his or her personal life.
Posterity planning is planning to create opportunity to provide these needs to your loved ones. This can include:
- Helping a person find significance, variety, connection
- Ensuring the certainty in his or her future
- Helping to fund a plan for high education in order to get ahead in life
A trust can be created to help focus your loved one’s attention to seek a proper education and help ensure that they take the steps to make the best of their life.
Speak to Our McKinney Lawyers to Learn More
Please take the time to come in for a consultation to speak with a licensed professional on how to draft a proper estate plan.
You can also contact us online, for your convenience. Learn how we may be able to help you and your family today.
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