Legacy planning refers to the process of creating a plan that outlines how an individual's assets, property, and personal belongings will be distributed after their death. The purpose of legacy planning is to ensure that an individual's wishes are carried out and that their assets are distributed in a way that reflects their values and goals.

Legacy planning typically involves working with a financial advisor, attorney, and/or estate planner to create a comprehensive plan. This may include creating a will, setting up trusts, designating beneficiaries, and creating a plan for the distribution of personal items.

In addition to the financial and legal aspects of legacy planning, individuals may also choose to include instructions for their funeral or memorial service, as well as any charitable donations they would like to make.

Legacy planning is important for everyone, regardless of the size of their estate or the complexity of their financial situation. By creating a plan, individuals can ensure that their wishes are carried out and that their loved ones are taken care of after their death.

Life insurance is highly utilized in legacy planning.  Two of the main areas of usage are to pay estate taxing and estate equalization.  

Elizabeth Peraza can help to choose the right one for you and your needs,