Legacy Planning: Create a Lasting Legacy
There will come a time when you realize that you have spent a lifetime building your wealth and you want to know how it can provide a lasting legacy to the next generation. You might be at that stage today or see it as a future event. Either way, you need to plan for it. This type of wealth planning is what we call Legacy Planning.
If the goal is to leave your wealth to your children, it may seem like a matter of simply bequeathing these assets to them. But if there is any concern about their ability to manage this wealth, or about them possibly losing these assets to creditors, Legacy Planning should be done. For some of our clients, a major (and valid) concern is leaving so much wealth to their children that they lose the motivation to build their wealth or develop their careers. Therefore, an underlying and
