Legacy planning: A Valentine’s gift for loved ones

Americans are generally living longer, healthier and more active lives, making it more important than ever to plan for the future. One of the critical components of planning for the future that employees may sometimes overlook is to document their wishes about how they want to live their later years and the legacy they want to leave behind.

In fact, one of the greatest gifts employees can give their loved ones is to complete essential legal documents—such as a will, health care directive and power of attorney—to help relieve family members of the stress of having to navigate important decisions and arrangements later. Having these documents in place not only helps give employees control over their own lives and futures, it can also help simplify the transfer of their assets and protect loved ones.

Fear of the unknown may cause employees to put off taking this step. The process, however, can be more straightforward than many believe. Also, taking action on their goals now can be energizing. After all, it can be gratifying to consider the possibilities for their next chapter and the opportunities they have to make a difference in the lives of people and causes they care about.

Consider encouraging your employees to take time now to explore how they can get started with legacy planning. It can help them feel better prepared for the future knowing their affairs are in order, their wishes will be fulfilled and their loved ones provided for.

Key takeaways

  • Direct employees to the “Plan for the Unexpected” tab in our Education Center, where they can find valuable resources and tools for legacy planning.
  • Encourage them to take advantage of the Financial Life Organizer, which can help them identify and organize important documents.
  • If your company offers access to legal resources, remind your employees that this can be helpful as they develop their will and/or trust.