LEGACY & SUCCESSION PLANNING FOR KENYAN FAMILIES || ESTATE PLANS, WILLS & TRUSTS

Описание: Legacy planning, wills, estate plans, and trusts are all important tools for ensuring that your assets are distributed according to your wishes after you pass away. Here is a brief overview of each:

Legacy planning is the process of thinking about how you want to be remembered and what impact you want to make on the world. It can involve things like creating a will or trust, donating to charity, or leaving behind a personal message or video for your loved ones.

A will is a legal document that states who you want to inherit your assets after you die. It can also be used to appoint a guardian for your minor children and to express your wishes for your funeral and burial.

An estate plan is a more comprehensive plan that addresses all aspects of your assets and how they will be handled after you die. In addition to a will, an estate plan may include other documents such as a trust, power of attorney, and living will.

A trust is a legal arrangement that allows you to transfer ownership of your assets to a trustee, who will manage them according to your instructions for the benefit of your beneficiaries. Trusts can be used for a variety of purposes, such as providing for minor children, protecting assets from creditors, or reducing estate taxes.

In this video, we delve deep into the world of legacy planning, covering crucial topics like wills, estate plans, and trusts. Whether you're just starting to think about your legacy or you're a seasoned planner, we've got valuable insights for everyone!


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