Legacy Planning

Our personalized legacy plan can help ensure your heritage can be preserved for your loved ones and future generations. The availability and popularity of retirement plans has caused many people to hold a majority of their wealth in the form of retirement accounts or life insurance. For many, retirement accounts are their largest assets outside of their homes. Despite a more financially educated public, many people do not understand how retirement assets are passed upon death. Until the Roth retirement plan grew in popularity, many people accumulated wealth by depositing money in to a retirement vehicle that would allow the money to grow tax deferred. While the tax advantages of this type of account are attractive, mistakes can be common and can cause serious estate planning issues that leave your beneficiaries with enormous tax burdens. These mistakes may result in:

• loss of the stretch capability
• probate
• unintentional but required distributions
• immediate taxable distributions
• unintended beneficiaries, and/or
• overlooked income tax deductions

Few people recognize the essential role of protecting and preserving these assets, and making sure they pass to loved ones as planned. We pride ourselves on properly educating you about legacy preparation, planning concepts, and suitable strategies to help you successfully transfer your retirement assets. We work to thoroughly understand your wishes and help you avoid costly mistakes.

If you are not 100 percent positive your legacy plan is free of errors, we encourage you to give us a call today. We realize the sensitive nature of this discussion and are prepared to help guide you through the planning process so you can leave your legacy of love.