WHAT IS “LEGACY PLANNING”?

Legacy Planning “looks” and “sounds” like conventional estate planning. The difference between the two is the difference between “ends” and “means”. Estate planning focuses on balance sheet assets and cash flows, which are the means. Legacy Planning looks first at purpose, vision, mission, values and goals – the ends – and then turns to the means. In a Legacy Plan, assets work harder for you, because they are aligned for meaning and impact first, and then, preservation, accumulation, use, and distribution. There is no better way to maximize its meaning and impact.

BENEFITS OF LEGACY PLANNING

With a clear destination or purpose for your wealth, income goes up and taxes go down. Your focus turns to making your time count for making the next years the best years possible for yourselves, your heirs, and the institutions you care about. In a Legacy Plan, you benefit from enhanced clarity about what is essential now, soon, and later. As such, assets are deployed in ways that are more satisfying, because they are aligned for maximizing meaning and impact.

CANDIDATES FOR LEGACY PLANNING

Estate-owners who are willing to engage in a thoughtful conversation about their lives make the best candidates. Even though the financial results of Legacy Plans are demonstrably better and usually far more satisfying than the results of traditional, financial and estate plans, clients unwilling to look inside tend to take a pass on the greater financial benefits.