Transfer

Brooklyn Capital Collective > Transfer

75 percent of African American families have less than $10,000 for retirement.

The Washington Post June 19, 2019

How do you successfully transfer what you have built and preserved? Contact Brooklyn Capital Collective at info@brooklyncapitalcollective.org.

Strategies:

  • Estate Planning
    An essential plan for anyone who wants to pass on a legacy. Like any other plan, the earlier it is in place the more likely it will be effective and accomplish your goals.
  • A Will
    The basic document by which people express their wishes and transfer their assets upon their death.
  • Living Trust 
    Was once thought of as an estate planning document used only by the wealthy, however, it has become one of the preferred methods of transferring assets at death.
  • Health Care Proxy
    Is used to appoint a person, family member or close friend, known as an “agent” to make health care decisions for you in the event you lose the ability to make decisions for yourself.
  • Power of Attorney
    Appoints someone that you trust to handle your financial affairs.
  • Organize
    Have a plan and consult with an attorney who specializes in the transfer of assets and is licensed in the state where you reside.