Wealth that outlasts you takes more than a will.
Let us help you set the board.
What happens to it, and to the people you love, after you?
You built something. A business, a portfolio, a cabin everybody fights over in July. The question gets bigger as you get older.
Much of the work isn't legal paperwork. It's deciding what you want your money to do, then making sure your family knows the plan before they need it.
We start there. Then we can bring your attorney and CPA in so the documents match the plan.
01 Decide What It's For
Financial freedom for a spouse. A head start for the grandkids. A gift to the causes you care about. The plan starts with what you want, not with a product. How we plan
02 Get the Pieces Lined Up
Beneficiaries, titling, trusts, powers of attorney and the order things happen. We coordinate it all with your estate attorney so nothing contradicts anything else.
03 Bring the Family In
The hardest part is the conversation. We help you have it, and we're glad to meet your kids so they know who to call.
What We Work On Together
Giving While You're Living
Annual gifts, 529 plans for grandkids, and when it makes sense to give now instead of later.
Charitable Giving
Qualified charitable distributions, donor-advised funds and gifting appreciated stock. We look at which fits your taxes and your timeline.
Taxes on the Way Down
We provide guidance on which accounts may be best to leave to whom, Roth conversion opportunities, and how inherited IRAs are taxed for your kids.
The Family Business
If a business is part of the estate, the transfer plan and the estate plan have to agree. How exit planning works
Keeping It Current
A marriage, a divorce, a new grandchild, a move. We check the plan when life changes, not just when the law does.
Start the Conversation This Holiday Season
Our December Ask the Austins session, "The Holiday Table: What Your Kids Wish You'd Tell Them," is about how to start the money conversation with your family. Wednesday, December 16, 3:00 PM CT, online.
Do I need a trust?
Maybe. It depends on your assets, your family and your state. We help you figure out the question, and your attorney drafts the answer.
When should I talk to my kids about the plan?
Sooner than feels comfortable. Many families wait for a health scare. A calm conversation now beats a hard one later.
Do you work with my estate attorney?
Yes. We want your attorney, CPA and us working from one plan.
Can you meet with my children?
Yes, with your permission. Many families find it helps the kids to know us before they need us.
How often should an estate plan be reviewed?
Any time your family or finances change, and at least every few years.
Let us help you set the board.
The best time to plan for the next generation is while you're here to explain it.
Or call us at 651-982-1115.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk including loss of principal. No strategy assures success or protects against loss. Economic forecasts set forth may not develop as predicted.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific tax and legal issues with a qualified tax advisor or attorney.
Links to third-party websites are provided as a courtesy. Legacy Capital Wealth Management and LPL Financial do not control these sites and make no representation as to their accuracy.
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