Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Global vs. International: What’s the Difference?

With international stock markets comprising about 40 percent of the world’s capitalization as of 2023, ...

The post Global vs. International: What’s the Difference? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Women and Financial Strategies

Nearly 60% of women take the lead in managing their household finances, yet only 19% ...

The post Women and Financial Strategies first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more

How Can Better Financial Literacy Assist You with Your Estate Planning?

September 19, 2018

Do you have your finances in order? Do you know where you’d start if you wanted to make this a goal for the future? Most people get confused by the prospect of financial literacy and choose to put it off entirely. Others are not sure what financial literacy encompasses and get overwhelmed when they look into the basics. The good news is that foundational financial literacy doesn’t have to be difficult, but engaging in the process can have positive and far-reaching consequences for you.

Most people put off the process of estate planning to begin with, due to the belief that it doesn’t affect them or that they are not at risk of a sudden incapacitation or death. However, financial literacy development now can benefit you in numerous different ways. In order to be independent financially and to have a long-term plan that considers your retirement, long term care and estate planning needs, you must be financially literate.

Financial Literacy. Closeup Pen, calculator, cash and glasses.

It’s never too late to improve your knowledge about financial issues. Searching the internet, taking a financial literacy class and reading magazines and newspapers can also help you get a better understanding of money matters. Purchasing financial tools will also assist you with determining where in your financial life you are maybe falling short. For example, a financial calculator can help you to determine interest rates, loan payments, cash flow and percentages.

A financial dictionary can give you a better understanding of many of the most common terms used in relation to financial advice. Starting an investment club or asking for expert advice can also be instrumental in giving you a better method of understanding critical financial issues.

When your financial literacy improves, you would better understand not only how to protect yourself now and well into the future with your retirement but also how to support your loved ones and beneficiaries if something were to suddenly happen to you. Most people wrongfully assume that estate planning is only about assisting your loved ones after you have passed away. However, the truth is that estate planning also serves an important purpose in the process of planning for incapacitation. Incapacitation documents should be drafted by an experienced estate planning lawyer.

 


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Global vs. International: What’s the Difference?

With international stock markets comprising about 40 percent of the world’s capitalization as of 2023, ...

The post Global vs. International: What’s the Difference? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Women and Financial Strategies

Nearly 60% of women take the lead in managing their household finances, yet only 19% ...

The post Women and Financial Strategies first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more