Planning your Legacy

An old Chinese proverb says that the best time to plant a tree is twenty years ago, and the second-best time is today. If you didn’t take inventory of your assets and plan your legacy twenty years ago, you are not too late. The second-best time to do it is today. Even if you did, do it long ago, experts recommend revisiting your plan every 2-5 years. A good plan can prevent your wealth from going to unintended beneficiaries, protect your heirs and save them taxes, and eliminate family disputes. Simply put: if you want your assets and your loved ones protected when you no longer can do it, you will need an estate plan. Without one, your heirs could face huge tax burdens and the courts could designate how your assets are divided, or even who gets your children. The HaysMed Foundation staff is able to help you identify opportunities to accomplish these goals while also providing for the future of healthcare in western Kansas.