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Legacy Planning

Legacy Planning: Leave Your Mark for Generations to Come

Picture this: 30 years from now, your contributions to medical research could help find a cure for cancer. A donation to your alma mater could continue a scholarship program that allows underprivileged kids to attend college. Your donation to the arts could support programs that teach future generations about music and dance. When it comes to legacy planning what are your goals?

A legacy can be so much more than just money left to your kids. Legacy planning involves thinking broadly about the future, about generations of your family you might never meet, and about the various ways you want to pass along your values and vision to the world.

Life Insurance and Legacy Planning: Protecting and Preserving Your Wealth

Why is life insurance such a desirable vehicle for transferring wealth? Because it offers you a rate of return that is tax-free and guaranteed. Those are sacred words when you’ve worked a lifetime to build up a respectable net worth. Life insurance in your legacy plan can also help you:

Maintain fiscal oversight. A properly structured life insurance trust lets you set the terms for your future donations, even after you’re gone. This ensures that your trustees distribute your money according to your wishes and always work to fulfill your vision for the future.

Increase the good you can do. When you build a legacy plan anchored by a life insurance policy, you’ll pass more money along to the charities you support, providing them with more money to sustain their programming and reach their goals.  

Perpetuate generational wealth. Owning life insurance inside a dynasty trust can help future generations to achieve more. Funding a dynasty trust using annual gifts or by taking advantage of your lifetime exclusion means reducing the size of your estate now and passing tax-free funds along to your heirs.

Maximize Your Legacy

A thoughtful legacy plan aims to pass along not just your money, but your values and objectives as well. Call us at 800-DIE-RICH to learn how a properly structured life insurance strategy can help you maximize your legacy so that the world can continue to benefit from your contributions long after you’re gone. The consultation is free and the potential positive impact on your legacy is virtually limitless.

Tax-Sheltered Annuity Benefits: What Investors Must Know (and Advisors Won’t Tell You)

Clients often approach us seeking advice on how to choose from the dozens of financial products that are available for retirement. The second half of this question is often, “…and which products offer the greatest tax benefits?” With more than 55 years developing expertise in wealth maximization through annuities and life insurance, our answer is […]

Are Life Insurance Proceeds Subject to Estate Tax?

Over 200 years ago, Benjamin Franklin said, “In this world, nothing can be certain except death and taxes.” Unfortunately, this is as true today as it was in 1789, with the rules governing taxes growing more complex over time. Tax-related questions are amongst the most frequently asked by our estate planning clients. Topping the list […]

Can a Tax-Deferred Annuity Plan Be Used for Estate Planning?

A recent survey found that 23% of Americans in the last year have increased the amount that they’re saving for retirement. Young adults appear to be the biggest savers, which means that they’re getting a head start on planning for their retirement. While it’s never too early to start saving for retirement, one of the […]

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