TRUSTS & ESTATES: April is National Financial Literacy Month

As financial advisors, attorneys, CPAs and estate planning practitioners, we know that the keys to a successful financial future are setting goals and planning. In fact, our businesses depend on guiding individuals and families to help them create their financial and estate plans. It’s alarming, then to realize that most families don’t have a financial or estate plan, and many falsely believe that only wealthy families need financial and estate plans. Even worse, many are uninformed and ill prepared to manage their own finances.

Now more than ever, individuals should become familiar with the financial tools they need to create and follow a budget, manage debt and save for retirement. They need the assistance of legal and financial professionals to help them create an effective financial plan that will help them set goals, invest with those goals in mind and reap the rewards of diligent planning. Moreover, an estate plan can help families manage their assets, maximize tax savings and minimize the headaches that accompany probate following the death of a loved one...

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(Read more from our sister publication, Trusts & Estates.)