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Leaving a Legacy for Future Generations

One of the reasons why you work day-in and day-out is to benefit not only yourself but your loved ones. Setting your loved up ones for a healthy financial future after your death all starts with deliberately preparing for your assets to be transferred to the individuals/organizations of your choosing.


It is never too early or too late to think about transferring your wealth. Thinking about your will, trusts, competency issues, and transfer-tax consequences and the role they will play can help you successfully meet your financial goals for you and your family.


A wealth strategy can include having a ...

  • Will

  • Trust

  • Power of Attorney

  • Living Wil

  • Life Insurance


Why should Life Insurance be a part of your Wealth Strategy?

Life insurance is a popular and effective tool in helping to meet estate goals due to its tax advantages. When you die, the death benefit is paid to beneficiaries, generally income tax-free, as provided in Internal Revenue Code Section 101(a).


Life Insurance allows ...

  • The heirs to maintain their lifestyle

  • Immediate liquidity

  • Purchase assets from, or loan funds to, your estate

  • Equalize estate distribution

  • Increase bequests


So what exactly is the financial plan for leaving a legacy?

  1. Setting goals and objectives for your legacy

  2. Assessing your current financial situation

  3. Selecting a strategy that will help reduce or eliminate unnecessary expenses or delays

  4. Determine the liquidity and income needs of your beneficiaries

  5. Executing the plan


Just remember, you do not need to be wealthy in order to set up a wealth transfer strategy. Everyone can create a legacy for future generations.


Contact a financial advisor today to discuss setting up a legacy!

It's never too early, or too late to be financially healthy.

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