When we think about leaving a legacy, the thought of passing on wealth after we pass away comes to mind. Now, this is an entirely acceptable way to help your loved ones; after all, you won’t be around anymore to lend them a hand when they need financial help. But have you ever considered the option of passing on a legacy while still alive? Gifting an early inheritance is a great way to see your family benefit from your help and give yourself peace of mind at the same time.
You have two options; you can choose to provide your family with an early inheritance or plan for it with your final expenses. Either way works. One just allows you to enjoy seeing it in action, while the other, well, doesn’t. According to a study conducted by Merrill, A Bank of America Company, upwards of 65% of Americans said that gifting an early inheritance would be ideal, if not the total amount at the very least, a part of their estate.
There are many great benefits when it comes to gifting an early inheritance. Some of the most common are:
Before you decide to start gifting early inheritances to your loved ones, you must ask yourself some essential questions.
The decision of gifting an early inheritance can be difficult and should be done after much reflection and planning. But if you cannot provide an early legacy, you can still always provide one after you pass away. As we mentioned earlier, a later inheritance is still beneficial to and appreciated by your loved ones. Our final expense plan provides Americans with a simple solution to leaving a legacy behind after they pass away. With up to $25,000 in benefits available and no medical exams required to apply, we’re making it easy to ensure your loved ones have the inheritance they deserve. If you would like more information or to see your plan options, please feel free to complete our short free quote form, which will get you in contact with one of our local licensed advisors.