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LEGACY & ESTATE PLANNING
Legacy & Estate Planning
Are the people you love and/or causes you believe in set up for success?
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Often times, our clients become so invested in the demands of daily life that they lose focus of the legacy they will leave behind. At Marks Wealth LLC, we leverage years of experience to conduct estate planning that is centered around preserving quality of life for your heirs. From asset distributions to charitable contributions, we cover all legacy planning needs.
We implement documented safeguards that are designed to preserve your wealth for the benefit of future generations.
Legacy & Estate Planning
Beneficiaries
As part of your legacy plan, determining how your assets will be distributed is critical. To facilitate the transition of your assets, we designate beneficiaries across each of your accounts. In doing so, we provide you with peace of mind knowing that your loved ones will be taken care of after your time.
Trusts
We work with you to develop a comprehensive legacy plan, determining the viability of adding either a revocable or irrevocable trust in the process. These are financial tools that can be used to ensure long-term financial sustainability for your loved ones. Additionally, they provide an added layer of protection during volatile markets and uncertainty.
Assessment of Estate and Taxes
If left unchecked, you could unknowingly take away from or even eliminate the benefit of your assets to your loved ones. As we build your legacy plan, safeguarding against estate taxes is one of our top considerations. To accomplish this, we implement strategic financial moves, allocations and account transitions that mitigate your tax burden. As a result, you can ensure that loose ends are carefully addressed.
Annual Giving
Our legacy and estate planning process provides a window into your family’s financial future. As a result, you are in a better position to look after them not only down the road, but also in the present. When major life events like marriage, homeownership and childbirth come into the picture, you could provide financial assistance that reduces future tax liabilities. In turn, you can look after your loved ones in the future while sharing meaningful life moments in the present.
Charitable Contributions
Throughout your life, various charities, organizations and alumni groups may have had a significant positive impact on both you and your family. At Marks Wealth LLC, we help you identify strategic donation methods to maximize your contributions by minimizing tax liabilities. From single donations outlined in your will to long-standing trust contributions, we provide insight to help you give back to a cause that you believe in.