Legacy Planning

Legacy Planning is a relatively new term in financial planning circles.  It’s a process that attempts to go beyond the complicated aspects of transferring wealth, taking into account tax implications, the desire for charitable giving, and equipping the next generations in a wealthy family with the tools to handle their significant inherited wealth.


At its core, legacy planning takes the emotional side of inherited wealth and puts in on the table for analysis and discussion.  The goal is to see that wealth transfer happens harmoniously and cohesively.  It often contains a component of giving back – to communities, philanthropic organizations, or educational institutions.


With Legacy Planning, estate taxes can be virtually eliminated through charitable contributions, if desired.  Many clients set a specific amount of inheritance aside for their children or grandchildren, being careful not to exceed the amounts that can be legally transferred tax-free, and then they donate the rest to charity, virtually eliminating estate taxes.


Legacy Planning involves a client’s values, beliefs, philosophies, and almost always their families.  It’s a complex process that is not easily navigated. But if your family is focused on leaving a lasting legacy, our planning and guidance can assist you in realizing this goal.