Preserving Your Legacy

he on-going management of wealth for a family transcends the generations. Whether it is destined for family, friends or to benefit charitable organizations, sophisticated planning may be required to minimize taxes and to preserve wealth. You’ve worked very hard building a substantial net worth, and hopefully are feeling comfortable with your lifestyle. Though everything may be in good shape for now, you may be worried about what your legacy will be in the future and whether your estate plan will adequately protect and transfer your assets. 

Poor planning only benefits the IRS!  Manchester works with our clients and their estate planning attorney to create the appropriate entities for estate planning and wealth transfer. This allows more of your wealth to transfer to your family or your charities, not Uncle Sam.

People approach these complex decisions with different goals in mind.  Some prefer to spend through as much of their assets as is safe, leaving as little as possible to family and charities. Others prefer to maximize their estates or minimize estate taxes.  Some want to set up donor-advised funds, charitable trusts, supporting organizations or foundations to enhance and extend their charitable giving. 

No matter what your goals, Manchester is adept at working with you and your attorney(s) to design and implement a structure that meets your needs. Our team of experts can review and help you understand your current plan, and suggest other planning tools to help achieve your goals. Even if your goals change over time, we are there to help you revise your plan.