Estate Preservation and Legacy Planning
For some people, financial planning is mainly concerned with how best to go about building a nest egg, and how to make it last through retirement. But for many, there is a desire to ensure their estate delivers benefits beyond their own retirement and produces a legacy even after they have passed.
In the event of death, life insurance offers surviving family members increased financial security. As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income replacement for the deceased’s dependents.
Making plans for the transfer of an estate after death involves much more than drafting a will. It involves coordinating beneficiary designations; titling assets and coordinating various entities, such as family limited partnerships, family owned businesses, charitable foundations and trusts.
Estate preservation and legacy planning can play a vital role in your overall financial plan. Together with your estate planning attorney, we can help you put a strategy in place to help meet the needs identified in your financial plan - contact us today to find out how.
Please note that Sage Investment Group and its representatives do not give legal or tax advice. You are encouraged to consult your tax advisor, attorney, or estate planning professional.