estate
preservation

generational wealth

power
your legacy

Your legacy is much more than your wealth, but your wealth helps power your legacy.

Ensure a seamless transfer of assets to future generations and make an impact in the areas you care about most with estate preservation.

Our experienced financial professionals partner with legal professionals to work with you on your personalized legacy plan—compassion and confidence guaranteed.

legacy planning strategies

Tax-Free Wealth Transfers

Many people have assets that, when passed on to heirs, are taxed at ordinary income rates, which can significantly decrease the amount they inherit. A strategic way to avoid this and potentially increase the inheritance is through the use of immediate annuities and life insurance. By purchasing an immediate annuity, you convert your current assets into a steady stream of income. This income can then be used to pay for a life insurance policy.

The benefit of this setup is twofold: it allows you to pass on your wealth tax-free through the life insurance payout, and it can significantly increase the amount your beneficiaries receive, compared to the initial value of the assets.

We help you set up this strategy by choosing the right annuity and life insurance to fit your goals. This approach can help maximize the wealth transferred to your heirs, avoiding heavy taxes and enhancing their financial security.

Life Insurance Trusts

Irrevocable Life Insurance Trusts (ILIT) help reduce the taxes on your estate by holding your life insurance policy. This means when the life insurance pays out, it isn't counted as part of your taxable estate, lowering estate taxes.

This helps ensure more of the benefits go directly to your heirs rather than towards taxes. By placing a life insurance policy in an ILIT, you can provide liquidity to pay estate taxes and other expenses, ensuring your heirs receive the full benefit of your assets.

We coordinate with legal professionals to set up these trusts and help you select and implement the right life insurance policies to fund them.

Life Insurance & Long Term Care

Life insurance with long-term care (LTC) riders is an effective estate preservation tool that offers dual benefits. It combines life insurance with a special option to pay for long-term care if you need it during your lifetime. If you don't use the money for care, the full amount of the insurance goes to your heirs when you pass away. This helps make sure that your money is used effectively, either for important care costs or for passing on to your family.

This strategy also protects your other assets. Instead of selling property or using up savings to pay for care, you can use the insurance money without dipping into other funds.. The benefits you get from the LTC rider are usually tax-free, which helps keep more money in the estate.

We help you select and set up the right life insurance policy with an LTC rider, ensuring that both your care needs and your inheritance goals are efficiently met.

Special Needs Trusts

A Special Needs Trust is a crucial tool for anyone who wants to provide for a loved one with disabilities without disrupting their access to government benefits like Medicaid or SSI. This type of trust safeguards assets that can be used for the beneficiary’s additional needs, beyond what government programs cover, without disqualifying them from those benefits.

Our role is to guide you in selecting the right assets to fund the trust, ensuring it has the financial backing to support your loved one effectively. Often, this involves setting up life insurance policies that can provide a reliable source of funding for the trust after you're gone. We work closely with legal professionals to ensure everything is set up correctly, focusing on helping you secure and implement the financial resources needed to sustain the trust over the long term.

Charitable Trust Strategies

Charitable strategies in estate planning allow you to support causes you care about while potentially reducing your estate taxes. One effective method is through Charitable Remainder Trusts (CRTs). A CRT allows you to donate assets to a charity while receiving income from those assets during your lifetime. This trust provides tax benefits, such as income tax deductions and reduced estate taxes.

To balance the charitable giving in a CRT, a Wealth Replacement Trust can be established. This trust uses life insurance to replace the value of donated assets for your heirs, ensuring they are not financially disadvantaged by your charitable contributions.

We recommend the appropriate trusts and coordinate with legal professionals to establish them. Our role includes designing and recommending these strategies, then helping implement life insurance or investment assets to fund them, ensuring your estate planning goals are met.

Legacy Planning Strategies

Tax-Free Wealth Transfers

Life Insurance Trusts

Life Insurance & Long Term Care

Special Needs Trusts

Charitable Trust Strategies