Legacy Planning Overview
Legacy planning includes estate planning, healthcare planning, administrative planning, and communications.
Estate planning contributes to your heir's financial well-being. The rest of your legacy planning contributes to your loved one's emotional well-being. It determines how your loved ones experience your end-of-life care, your after-life administrative burden, how your loss impacts their relationships, and how your communications affect how they move forward with your legacy.
Financial planning helps you Live Well. Investment policies help you Invest Well. Legacy planning helps you Leave Well.
Elements of Legacy Planning
Estate
Asset distribution decisions regarding who, when, how:
- tax- and cost-efficient
- proper asset titling
- beneficiary designations
- maintaining a will
- use of trusts as applicable
- designating a financial power of attorney
Healthcare
Express your wishes and relieve your loved-ones by:
- addressing long-term care needs
- establishing a living will
- designating a medical power of attorney
Administrative
Help your heirs conclude your affairs by documenting:
- financial & legal advisors
- marriage/divorce/prenup
- real estate & mortgages
- insurance policies
- credit cards & bill pay
- online accounts, loyalty programs & social media
- vehicles, jewelry, etc.
Communication
Perhaps most importantly, is leaving a message to your heirs and loved-ones:
- adminstrative letter of instruction
- funeral preferences
- a last message from the heart to your loved-ones
Benefits of Legacy Planning
Medical
- Maintain continuity of medical decisions in every state of life.
- How medical choices to be made if incapacitatied (agent or stated)
Control
- Avoid Probate
- Maintain Privacy
- Divide Assets per your wishes
- Provide instructions to manage
Values
- Express your love, values, and hopes to and for your loved-ones
- Transfer wealth across generations on your terms.
- Help a favorite cause
Taxes
- Minimize Estate Taxes
- Minimize Inheritance Taxes
Our Legacy Planning Services
Initial Plan Review
Congratulations! Only 25% of people die with an estate plan. You are among them
- We have your estate documents summarized by estate specialists
- We provide a review to ensure they reflect your current situation and desires
- We offer templates and guidance for organizing personal and financial information
Will-Based Plan
- Last Will & Testament
- Financial Power of Attorney
- Medical Power of Attorney
- Advance Healthcare Directive
- HIPAA Release
- Guidance and templates for organizing personal and financial information
Trust-Based Plan
- Certiciation of Trust
- General Transfer
- Pour Over Will
- Financial Power of Attorney
- Medical Power of Attorney
- Advance Healthcare Directive
- HIPAA Release
- Guidance and templates for organizing personal and financial information
Annual Review
- Nothing remains static
–Tax and property laws
–Family situations
–Financial Condition
–Health
–Feelings - For plans in our system, we provide an easy way to review annually and update as needed