What is legacy planning?
Legacy planning is the process of determining how your wealth, values, responsibilities, and charitable intentions should continue into the future.
It may include estate coordination, wealth transfer, family support, business succession, charitable giving, and communication among family members.
When should I begin legacy planning?
Legacy planning should begin well before a major transition or transfer of wealth. Early planning provides more time to clarify your intentions, coordinate with professional advisors, prepare family members, and address potential challenges.
It is also important to review your plan as your family, assets, business, and goals change.
How can I prepare the next generation for inherited wealth?
Preparing future generations may involve financial education, family conversations, clearly defined responsibilities, and a thoughtful approach to wealth transfer.
Every family is different. We help facilitate conversations and coordinate planning around your values, concerns, and long-term goals.
How does legacy planning apply to business owners?
For business owners, legacy planning may include succession, the sale or transfer of the business, key-person considerations, family involvement, charitable goals, and the effect of a transition on your personal wealth.
The goal is to help align your business decisions with your family, retirement, tax, and estate-planning objectives.
Do you provide legal estate-planning services?
We help coordinate financial considerations and work with your attorney and other professional advisors as appropriate. Legal documents, including wills, trusts, and other estate-planning instruments, should be prepared and reviewed by a qualified attorney.
Our role is to help ensure that your financial strategy supports your broader legacy goals.
