Tag: legacy planning
What Role Do Trusts Play in Legacy Planning?
Posted on May 24, 2024
While planning for the future is essential for anyone, it can be especially important for people and families with a high net worth. Legacy planning can ensure that loved ones are taken care of and that a person’s assets will be distributed according to the person’s wishes, while also upholding the person’s values, promoting causes he or she believes in, and establishing a positive framework that a family can continue to follow. Trusts are a powerful tool in legacy planning, providing flexibility, control, and tax benefits that can help a […]
Legacy Planning for High-Net-Worth People
Posted on January 4, 2024
Legacy planning is critical to estate planning, especially for those with significant wealth. For those with estates worth over $5 million, there are specific considerations and strategies to maximize the preservation and distribution of assets. If you are a high-net-worth person interested in legacy planning, a dedicated lawyer can provide the guidance necessary to ensure you can achieve your estate planning goals. Estate Tax Planning High-net-worth individuals with estates worth over $5 million should be aware of the potential impact of estate laws in Illinois. Proper tax planning can help […]
What Role Does Legacy Planning Play in an Estate Plan?
Posted on November 21, 2023
Estate planning is a crucial process that allows people and families to protect and distribute their assets according to their wishes after they pass away. While many people focus on the financial aspects of estate planning, such as creating wills and trusts, it is equally important to consider legacy planning, especially in situations where a person or family owns significant assets and wants to preserve wealth for future generations. Legacy planning goes beyond finances and focuses on preserving your values, beliefs, and memories for future generations. As you work to […]
Technology Helps Create Memories That Last Generations
Posted on June 15, 2021
Add Your Life Lessons to Your Estate Plan Estate planning typically focuses on passing down assets through wills, trusts, and other estate planning instruments. However, a person is much more than the assets they have accumulated. Your life has been filled with joy, hardships, successes, laughter, and lessons. Have you considered how you will pass along these stories and lessons to future generations? Estate Planning in the Digital Age The amazing technological advancements society has experienced in the last several decades have dramatically improved our ability to leave a legacy. […]
Charitable Giving in Your Estate Plan Can Add to Your Legacy
Posted on March 18, 2021
When you think about the idea of estate planning, it is reasonable to primarily consider the variety of documents and tools that you will need to pass your assets and property on to your children—and possibly your grandchildren. The transfer of assets to future generations is, of course, an important goal of the estate planning process, but there other things to consider as well. For example, you might also wish to think about the legacy that you will leave behind. One of the most common ways for you to cement […]
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