Legacy Planning

Proper Legacy Planning and preservation is a cornerstone of any successful retirement plan and helps ensure that your wishes will be respected and your loved ones are taken care of.  Legacy Planning In Retirement is a multifaceted process that can be used for a variety of purposes, from helping to preserve your assets for future use to transferring your wealth.  We can help you plan your legacy in a variety of ways based on your unique desires.

From the conservation of your assets to the transfer of them, comprehensive Legacy Preservation helps ensure that the management of your assets will be dictated by your wishes throughout your life and may provide a variety of benefits to you and your family. When they are executed and implemented properly, legacy plans may help reduce family disputes and court bureaucracy, provide effective disability planning, appropriately utilize exemptions to minimize estate taxes, and provide certain asset protection benefits to beneficiaries.

It is important to carefully plan for the transfer of your assets to allow the wealth you’ve worked hard for to serve a meaningful purpose. From starting the conversation with you to guiding you through the actual transfer of assets, we at Retirement Strategies and Solutions are here to educate you on the process and guide you through every step.

Creating a strategy for your legacy is more than simply managing estate taxes.  Many Legacy Planning Solutions, Strategies, and Tools can be utilized to help safeguard your wealth and make sure it is effectively transferred according to your wishes.  It is important to understand helpful instruments to use during the legacy planning process, including:

  • Wills
  • Revocable living trusts
  • Powers of attorney
  • Advanced medical documents

Additionally, both term and cash value life insurance and long-term care insurance policies may be options to consider.  Life insurance policies can help address the financial harm caused by unexpected sudden deaths of parents of minor children, minimize the wealth destruction of families who may need advanced estate taxation avoidance, or possibly even work as alternative savings or wealth generation tools.

Long-term care insurance helps protect your assets from the devastating costs of long- term care expenses and ensures that you live in reasonable housing during the last stages of your life. These policies provide a diverse range of coverage depending on the style you choose, from more traditional policies to unique hybrid approaches that can generate enhanced long-term care benefits within certain types of life insurance or annuity contracts.

Overall, legacy planning and preservation of your wealth and assets require a coordinated and comprehensive approach.  As a Legacy Planning Specialist, our firm is uniquely positioned to provide protection and peace of mind to yourself, your loved ones, and any of the channels in which you wish to eventually distribute your wealth and assets you’ve worked hard over time to accumulate.

As a Plano and Grapevine based Retirement Planning Company, Retirement Strategies and Solutions consults with families and businesses across the Dallas – Fort Worth Metroplex and throughout Texas to implement innovative financial strategies, solutions, and strategic planning that results in financial clarity, security, and overall financial health.  Our book “Retire The Right Way” is a great tool for understanding some of the best financial and Retirement Planning options available.  We are financial and Early Retirement Specialists offering Retirement Planning Solutions,  including Social Security Maximization,  Legacy Planning, and Retirement Tax Planning strategies.