Leaving a legacy isn’t just about financial assets or material wealth.
It’s about how people remember you when you’re gone. And luckily, with proper planning, you can control the legacy you choose to leave behind. Death can have devastating effects on the surviving spouse, and can leave a mess for your beneficiaries, so it’s important to get your ducks in a row before you go.
In this episode of The Chris Berry Show, I’ll talk about how to leave a legacy of your choosing so your surviving spouse and loved ones can remember you – not the mess you left behind.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- More about leaving a legacy.
- How to leave a legacy of your choice.
- How to keep the government out of your legacy.
- What happens to Social Security or pensions when one spouse passes away.
- The effects death has on the surviving spouse.
- Where tax planning, life insurance, and income annuity fits in.
- Retirement planning that takes one spouse’s death into consideration.
- About the estate planning documents you need.
- Why it’s important to review your beneficiary designations and know where your documents are.
- The impact of the loss of a spouse.
- The importance of discussing spousal protection.
- The four ways assets pass out of your name when you pass away.
- How families avoid probate with trusts.
- About a Legacy Inheritance Trust.
Q&A
In each episode, I take questions from listeners. If you have any questions that you want answered, feel free to email us at askchris@thechrisberryshow.com. Here are the questions I covered in this episode:
- Pat asked: “As a married couple, for the Michigan Choice Waiver Program, do they look at income and assets of both spouses if only one spouse needs care?”
- Bob asked: “Who will get my mom’s husband’s house after he passes away?”
- Trent asked: “Do I owe taxes on property that was gifted to me when I sell the home?”
- Sean asked: “How do I start growing a nest egg for retirement with very little savings?”
Links & Resources
AlzElderCare.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset protection workshops
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
