Five Things to Consider in Planning a Legacy

As you reach your twilight years, it is important to begin thinking about the legacy you will leave behind for your loved ones. Here are five things to consider to ensure you leave a lasting legacy for those who matter most:

Organize your assets. Keep track of important assets like bank accounts, stocks, and real estate. This will give you an idea of what exactly you have and what you need to manage. Secure the records, file them, and make sure they are accessible. This way, your loved ones won’t have a hard time consolidating the documents when the times comes for them to do so.

Decide on your beneficiaries. It is important to establish who will receive your insurance benefits and other assets. This ensures that your spouse, children, next of kin, and other financial dependents won’t have a hard time filing a claim. This is also the reason why you are required to identify a beneficiary when applying for an insurance policy.

Create or update your will. A will ensures that your assets are divided accordingly as you would want these to be. Plus, your loved ones will no longer need to undergo tedious legal and financial proceedings because your will ensures that your final wishes are carried out exactly the way you want them. It is a good idea to revisit your will from time to time in case you need to update some details.

Seek professional advice. While it’s easy to imagine where you want your legacy to go, it is important to have professional guidance. Find yourself a financial advisor and a legal counsel who can clarify any question and provide expert opinions on how to manage your legacy.

Get yourself life insurance. Secure your loved ones’ future by getting yourself covered. With Sun Life Grepa’s Power Builder, you can have peace of mind knowing that your loved ones are protected should the unexpected happen. Additionally, Sun Life Grepa’s Power Builder comes with an investment component that will allow you to grow your wealth, letting you leave more for those you love the most.

It’s never too early to start planning for your legacy. Let Sun Life Grepa be your partner beyond a lifetime. Call 88499633, visit any Sun Life Grepa branch, log on to www.sunlifegrepa.com, or email wecare@sunlifegrepa.com.