Family Legacy
How to extend the value of family assets over generations.
Over your lifetime you will accumulate considerable assets that can be portioned between two parties. One part becomes your family legacy. The other goes to the government to be spent on social needs.
You have a choice about how those assets will be divided between the two forms of capital—personal and social. And, if you think you have better ideas for how to create social good, then you can control your social capital and distribute it yourself. If you structure the plan effectively, you can also increase your family legacy as well.
Is your estate plan currently designed to support your tax, financial, and family philosophy? Where are the gaps in your planning today?
Is your estate plan currently designed
to support your tax, financial, and
family philosophy? Where are the gaps
in your planning today?
Do you trust that your assets will be transferred to
the right people, at the right time, and in the right
manner at your death and the death of your spouse?
Are you familiar with the three different ways your
assets will transfer, and does your transfer plan
account for each method separately?
Are you knowledgeable about how an estate is valued
for tax purposes and how the government collects its
share of your legacy from your heirs?
Are you sure you have taken into consideration the
special needs of all your family members, and have
you crafted an estate plan assuring that the control of
money matches the control over needs?
Have you considered the possibility of converting the
tax erosion on your retirement assets into a
multigenerational legacy?
If transferring ownership of certain estate assets
during your lifetime allowed you to regain control over
their legacy value, would you consider doing it?
Is stewardship of family assets an important part of
your philosophy, and are your children and
grandchildren prepared for that role?
Would more information help your future decisions?
Consult Leisman Library
Email Bill Leisman