Legacy Planning

We recognize that legacy planning is a difficult topic for many to discuss and understand. That’s why we use discretion and patience in developing a comprehensive estate plan to manage and distribute an individual's assets and wealth during their lifetime and after their death. It involves determining how assets will be transferred to beneficiaries, managing taxes, and ensuring that the individual's wishes are carried out. Legacy planning typically includes the following elements:

Trusts: Trusts are legal entities that hold assets for the benefit of beneficiaries. They provide flexibility in managing and distributing assets, offer potential tax benefits, and allow for the avoidance of probate. There are various types of trusts, including revocable living trusts, irrevocable trusts, and charitable trusts.

Beneficiary Designations: Designating beneficiaries on accounts such as retirement plans, life insurance policies, and investment accounts is an important part of estate planning. It ensures that assets are transferred directly to intended beneficiaries and can potentially bypass probate.

Tax Planning: Legacy planning includes strategies to reduce estate taxes and maximize the value of assets transferred to beneficiaries. This may involve techniques such as gifting, establishing irrevocable life insurance trusts, or utilizing estate tax exemptions and deductions.

Guardianship: For individuals with minor children, estate planning includes naming guardians who will care for the children in the event of the parents' death or incapacity. It allows parents to ensure that their children are raised by individuals they trust and in accordance with their values.

Let us be your trusted partner in navigating the complexities of legacy planning. Together, we will develop a comprehensive wealth roadmap that aligns with your values and legacy aspirations. Contact us today to schedule a consultation and discover how we can help you leave a legacy for future generations.