Defining your legacy: A woman's perspective

If you're married, you may own many of your financial assets jointly with your spouse, which can help simplify things in the event you pass away. But what about assets that are in your name only? What if you're single or widowed?
Many women own assets they hope to pass on to loved ones and causes they care about. Ensuring that your assets are handled according to your wishes requires planning ahead. Yet, two common misconceptions prevent many people from taking adequate steps.
A Will takes effect only upon your death. Wills don't protect the legacy you've built if you become incapacitated.
A desire to make things easier for your loved ones has nothing to do with your net worth. Documenting and communicating your wishes reduces the burden on them and gives you control.
Becoming educated about estate considerations as well as your various options is the first step. Here are some common tools you may wish to discuss with an estate-planning lawyer:
No one wants her loved ones to face burdens because she didn't adequately prepare. While Edward Jones does not offer estate-planning services, we care about everything that's important to you. So, working with you, your lawyer and your tax professional, we can help build financial strategies that take your legacy wishes into consideration.
Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate-planning lawyer or qualified tax advisor regarding your situation.