Secure Your Legacy – Protect What You’ve Built

You’ve worked hard to create a life, build a business, and secure a future for your family. Without an estate plan, you could leave everything you’ve built exposed to delays, legal challenges, and unnecessary costs.

October is Estate Planning Awareness Month, making it a great time for small business owners to start planning. Estate planning is about control, clarity, and peace of mind.

Ask yourself these questions to decide if an estate plan is right for you:

• Do you have a valid will? A will allows you to distribute your assets according to your wishes, preventing the state from making that decision.
• Have you named any beneficiaries? Regularly reviewing and updating beneficiaries helps prevent disputes and ensures the right people receive your assets.
• Do you have powers of attorney in place? Giving someone legal authority ensures they can handle your business and personal matters if you can’t.
• Have you considered a trust? A trust can help your heirs avoid probate and protect your privacy. Plus, it allows you to control how you share your assets. 
• Are your documents up to date? Life changes like marriage, children, or business growth mean your estate plan should evolve to reflect your current situation.

This month, take action to protect the legacy you have worked hard to build. An attorney who specializes in estate planning can walk you through a wide range of options and help you build a plan that fits your needs.

Talk to your Federated Insurance® marketing representative to assist in connecting you with an independent and qualified estate planning attorney. 

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This article is for general information and risk prevention only and should not be considered an offer of insurance or legal, financial, tax, or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all losses. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. This information is current as of its publication date and is subject to change. Some of the services referenced herein are provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances. All rights reserved.