Georgia Financial Planner Mark Fricks works with clients to address four critical areas of retirement, the last being legacy planning. He says most people think about what happens to their assets when they are gone but people also need to think about what happens to their assets if they are alive but incapacitated. There are four options for leaving a legacy: kids, grandkids and relatives; organizations and charities; attorneys; and the IRS. Most people prefer leaving assets to the first two groups. He also suggests that it’s best to avoid probate and establishing a well-funded trust is one way to do that.
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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. Tax services offered through MasterPlan Tax Services, Inc. The aforementioned are affiliated companies. This material has been provided for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency.
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