Building a Legacy

You’ve built your net worth to the point where you have more than you will need for the rest of your life. Now you want to cement your legacy. How you will be remembered by future generations can be influenced by how you choose to utilize your wealth.

In order to help you build your legacy, first we’ll make sure you have enough income and assets to live comfortably for the rest of your life. Then we make sure you have a plan for any of the potential financial hardships that hit so many people as they age (chronic illness, accidents or dementia). Knowing that you are financial prepared for the rest of your life no matter what comes your way, we can then focus on using your accumulated wealth to help the people and organizations that are important to you. Your plan will can take into account helping your family and friends as well as other good causes that you truly care about. Even though you may have more than you need for your lifetime, there are still careful planning considerations that need to be addressed to make sure you’re not paying more than you need to in the maze of taxes (income, capital gains, estate, gift, and generation skipping) and try to make the wealth transition to the next generation as simple as possible for you and them. Depending on your situation and goals that may mean using various trusts (CRUT, CRAT, GRAT, ILIT) or other entities (Donor Advised Funds, LLC, FLP. We can help make sense out of the often complex process that will bring your legacy plan to fruition.