Estate Planning - Leaving a Legacy for your Loved Ones pt 1 of 5 - By Natricia Edwards

 


No man knows the day, nor the hour that they will pass from this mortal realm, but we do know that pass from it we will.  With this knowledge in hand, we need to start preparing the legacy we will leave behind for our kids.  We do this through estate planning. 


What is estate planning?  Chris Hogan explains it this way: "A method of creating a plan that manages wealth while you are alive and distributes wealth after you die."

The purpose of having an estate is to leave a legacy for your loved ones. It is your way of helping them after you have passed through the veil. You've already done the best you can to teach, love, and empower your loved ones. Legacy is not just about money, but peace of mind for you that your loved ones will continue on empowered and prepared to face the world with the tools that you have given them.









Comments

Post a Comment

Popular posts from this blog

Baby Step 2a: The reason your debt snowball isn't working part 1

Image
 You’re not budgeting You’re not 100% focused on your lowest balance Your income and expenses are remaining the same Your spouse isn’t on board You aren’t consistent You aren’t tracking your progress This is the step that I struggle with. The Debt Snowball. It would be easier to pretend like I didn’t have issues with this, but I am not. Most wounds don’t heal unless exposed. After Renardo and I remarried, we began budgeting, saving, and hustling for our dream…owning a home. We managed to obtain our dream only to slide back into old habits. After obtaining our home, we generated more debt. We recently bought a new house, a new car, among other things. We were sensible in our purchases, and can afford everything we bought, but we did not go in the direction that was most beneficial to us. Debt reduction. A lot of the pointers that Dave Ramsey espouses, we did not follow. So, I know the struggle is real. Step 2 is the step that I struggle with. One of my goals is to one day overcome our h
Read more

Felicia Gill Bio- Career Advisor at Calhoun Community College part 5 of 5

Image
People always ask me, “Why non-profits?” My answer: Don’t let the non in non-profits fool you. All the money in the world is tied up in Non-profits. Any cooperation you can name has a 501 (C)(3), a non-profit status attached to it. Non-profits will never go broke. There will always be money and resources for the poor. Being currently employed by Alabama Community College Systems at Calhoun Community College as a Career Advisor and prior employment at Concordia College Alabama as an Academic Advisor has afforded me the opportunity to have more tools in my tool box. My area of expertise consist of:  • Career Advising (Your Interest can be your income) • Career Exploration • Resume reviews and resume writing • College entry resume  • Mock Interview • Academic Advisor • “What Can I do with my Major” • Networking • Changing Careers • Learning Disabilities and resources So, if you are thinking about a higher education, go for it! You are never too old.  Just know that bei
Read more

Chauncey Turman - Career Biography part 1 of 2

Image
I am the son, and only child of Willie Dean (Edwards) Turman, and Eugene Coker; both of Selma, AL. I’ve only met my biological father a handful of times, but my mother married Henry Turman in 1976, he adopted me, and he raised me and loved me throughout the rest of his life. We lived in Detroit for a few years after that, but left east Detroit as the city began to rapidly deteriorate. The Detroit of my youth was a grand and beautiful place; I miss it. It was at the end of summer in 1978 that we made our way to the small, quiet farming community of Litchfield, Michigan, and that is when this city boy began to learn how to do many things working our small produce and pig farm. In preparing to write this bio about the various careers I’ve had, I instinctively fast forwarded to all the things I’ve done since graduating from Western Michigan University, but life has a way of sometimes leading you back across paths you’ve already walked, and I must admit, many of the skills I learned on
Read more