There are many aspects to a person's legacy. Some may be memories, guiding principles or living a life of service. A person's legacy can also include a financial component. Does your plan take into account the legacy you would like to leave?
From a financial perspective, here are some financial questions to consider:
- What happens to a surviving spouse's income and tax situation when one spouse passes away?
- What financial legacy do you want to leave for your children?
- Do you want to provide an educational legacy for children or grandchildren?
- Have you considered which assets are tax preferred for people versus charities?
- Should I consider a Donor Advised Fund to support favorite charities?
Our discussions can help uncover answers to these types of questions and more. Working in conjunction with other professionals such as your tax and legal advisors, we can help coordinate the type of legacy you'd like to leave.
