Protect What You've Built for Future Generations

Legacy Planning

Legacy planning goes beyond simply managing estate taxes—it’s about thoughtfully organizing your assets to ensure they’re passed on according to your wishes, whether to your family, loved ones, or a charitable cause. It’s about preserving as much wealth as possible while also securing your financial needs for the rest of your life.

While many believe legacy planning is only for the wealthy, the truth is, everyone can benefit from establishing a clear plan for their future. Legacy planning ensures that your assets are distributed as you intend and defines who will care for your minor children or dependents with special needs. At a minimum, legacy planning includes a will, a durable power of attorney, and a medical power of attorney.

Creating a Trust and Organizing Your Wishes
One of the most valuable tools in estate planning is a Trust. It plays a critical role in minimizing estate taxes and protecting your assets from the costs of healthcare as you age. With proper trust design and legal language, you can safeguard your wealth from unnecessary exposure and ensure that your heirs benefit from your assets as intended.

Part of effective legacy planning involves keeping detailed records of your assets, as well as the documents that express your wishes. Your will should clearly state who will inherit your property, who will manage your finances, and who will make medical decisions on your behalf in the event of incapacitation. This reduces the time and expense involved in settling your estate, providing peace of mind to your heirs.

If you’ve already worked with an advisor or have an estate plan in place, it’s important to review it regularly. Changes in estate laws, taxes, and your personal situation may require adjustments to ensure your plan still aligns with your goals.

At Golden Mean Financial, we help you navigate the complexities of legacy planning, ensuring your wealth and legacy are preserved for future generations. Let us help you create a plan that reflects your values and secures your family's future.