Leave a Meaninful Legacy
Enhanced planning is one key element of any retirement strategy, helping ensure that your legacy is one of family harmony, regardless of the size of your estate. Without careful preparation, misunderstandings can cause a rift in the family you’ve spent your life protecting.
Whatever your priorities – preserving assets for future use, tax-advantaged wealth transfer, providing for your grandchildren, or something else entirely – we can work with you to build a plan that fits your needs and may help maintain family harmony after you’re gone.
Clear & Thoughtful Strategy
Creating a clear and thoughtful strategy for your legacy is more complex than simply managing estate taxes or drafting a will. Various methods and tools can help protect your finances and ensure your wishes are followed – with a minimum of family friction.
In addition, both term and cash value life insurance and long-term care insurance policies may be options to consider. These policies can be designed to serve different helpful functions.
Overall, preservation of family harmony and your wealth and assets requires a coordinated effort. Our firm is uniquely positioned to help provide financial peace of mind to you and your loved ones.
Leave a legacy of family harmony, regardless of the size of your estate.
Disclosure: Our firm does not provide legal advice, and you should consult an attorney for such advice.
FAQ:
Kagan, J. (2021, December 18). Legacy planning: What it means, how it works. Investopedia. https://www.investopedia.com/terms/l/legacy-planning.asp
I can assist you in assessing your current assets and liabilities, identifying potential tax implications, and creating a plan that takes into account your family dynamics and philanthropic goals. I can also help you review and update your plan as needed to ensure that it remains aligned with your wishes.
When creating a legacy plan, we believe it is important to consider your financial goals and objectives, your current assets and liabilities, your family dynamics, and any potential tax implications. Additionally, you should consider any philanthropic goals you may have and how to incorporate them into your plan. By taking these factors into account, you can help ensure that your legacy plan reflects your values, beliefs, and traditions.
To help ensure that your legacy plan is carried out as intended, it is important to have a clear, written plan in place. Additionally, it is important to communicate your plan to your family and to review it regularly to make sure it remains aligned with your goals and objectives. By doing so, you can help ensure that your assets are distributed in a manner that reflects your wishes.
Yes, you can change your legacy plan at any time. Life circumstances change, and so should your plan. It’s important to review and update your plan regularly to make sure it remains aligned with your goals and objectives. By doing so, you can help ensure that your assets are distributed in a manner that reflects your current wishes.
We feel retirement planning is an important process for everyone, but it can also be complex. To help avoid mistakes that could negatively affect your loved ones, it’s important to plan ahead, determine your retirement needs, and communicate your plans to your family. This can help ensure that your retirement savings provide for your loved ones after you’re gone.
Estate planning and legacy planning are closely connected as they both involve decisions about how your assets will be distributed after your passing. Estate planning focuses on legal and financial aspects, such as creating a will and trust, designating beneficiaries, and managing taxes. Legacy planning, on the other hand, is more about the emotional and personal aspects of passing on your wealth and assets, such as leaving a lasting impact on your family and community, and passing on your values, beliefs and traditions. Estate planning provides the framework for your legacy plan to be executed and ensures that your assets are distributed according to your wishes, while legacy planning focuses on the broader picture of what you want to leave behind for future generations.
Finance Strategists. (2023, June 21). Legacy planning | Definition, importance, & creating one. Finance Strategists https://www.financestrategists.com/estate-planning-lawyer/legacy-planning/#legacy-planning-vs-estate-planning
Maximizing Beneficiary Inheritance through Estate Planning
We work with you to structure your personal, family, and business interests so that your wishes are carried out most effectively, passing more to your beneficiaries and minimizing taxes.