Legacy Planning
Legacy Planning
Legacy planning refers to how an individual decides to distribute their assets to their beneficiaries, including property, family heirlooms, or retirement savings.
Benefits of Legacy planning:
- Legacy planning provides future generations with financial security
- Without proper planning, family disputes over inheritance can lead to long-lasting rifts. Legacy planning helps mitigate these conflicts by providing clear guidelines on asset distribution.
- Legacy planning isn't limited to your family. It also enables you to support charitable causes and organizations close to your heart.
- It also helps make the inheritance tax efficient by implementing tax-saving strategies like gifting assets or establishing trusts.
Legacy Planning for Individuals
The legacy planning process entails careful planning and critical steps as mentioned below:
- Begin by defining your legacy goals - whether you want to ensure your family's financial security, support a noble cause, or do both
- Make a list of all the assets you own
- Determine who should be your beneficiaries
Consult with professional and experienced financial advisors like us i.e. Nesting Wealth. We create a tailored legacy plan, ensuring your assets are distributed to the right persons as per your wishes.
How to Choose the Right Legacy Planning Advisor?
When choosing a legacy planning advisor, it should be an ideal combination of the following criteria:
Nesting Wealth takes pride in having years of experience in legacy planning. Our professional financial advisors have a proven record of assisting clients in developing effective legacy plans, and we make the process hassle-free.
