By Colleen Weber, CFP^®, CPA

We all want to leave a legacy for our children after we’re gone. But what will that legacy look like? Have you thought about the type of inheritance you’re leaving for your kids? Will it be a gift that ensures their security for years to come, or a mess of assets, liabilities, and confusing records that takes years to sort out?

If you plan to pass your wealth to your children, I think it’s important to make the transition as smooth as possible. While your children will likely be overwhelmed with grief, they shouldn’t have the added stress of working through a chaotic inheritance process. Incorporating comprehensive legacy and estate planning can make this process much easier.