Seniors in general don’t pay enough attention to estate planning, in large part because the typical retiree or about-to-be retiree doesn’t really understand the importance of asset protection and estate preservation. That’s why the senior financial planning services offered by companies like CLA USA are so important. While the company offers a number of financial planning products, the real value they provide goes much deeper. Every CLA USA financial services representative is versed about financial planning instruments as well as understanding the various tools available to help seniors preserve their assets and protect their estates from financial risk, taxes and other dangers. If you’re approaching or have reached retirement age, CLA USA can help you protect your nest egg so that it’s available for your needs throughout your life and ensure that your assets are distributed as desired after your death.
The Purpose of Seniors Estate Planning
One of the biggest reasons that few seniors take advantage of financial planning services is a basic misunderstanding of the purpose of senior estate planning. If you ask the average retired worker if he needs estate planning services, he’s likely to shrug and tell you he doesn’t have much of an estate to protect. The widely held misconception that estate planning is just for “rich folks” has the unfortunate effect of scaring off the people who could benefit most from working with financial planners to safeguard their assets for their retirement financial needs and plan an orderly distribution of them to their heirs and beneficiaries.
In a nutshell, a consultant in senior estate planning can help you determine whether you need financial planning services and how to best rearrange your assets so that you have the financial security to have the income you need and that your surviving spouse, children and other beneficiaries get the money and other assets that you intend for them to receive. If, for example, you have a disabled relative that counts on you for financial assistance, a financial services consultant from a company like CLA USA can tell you about the various ways to set aside money and assets to be used for their care when you’re no longer able to direct that care yourself.
CLA USA financial services include financial planning and protection tools such as annuities, life insurance, long term care insurance and other types of financial instruments that help protect your assets and estate. Planning ahead with CLA USA financial services will ensure that you have the resources you need for your care throughout your life.