Legacy
Planning for Mid-Sized Estates
What
is Legacy Planning?
If
your estate is
$10 million or less estate planning should be redefined and take on the
broader characteristics of legacy planning. As your Tax and Estate
Attorney, your Estate and Financial Planning will have an increase
emphasis on the following:
*
Business
succession planning;
*
Non-qualified
executive compensation;
*
Estate
equalization;
*
Asset
repositioning strategies;
*
Retiring debt;
*
Life insurance in
a qualified retirement plan;
*
Insurance-based,
non-qualified retirement plans; and,
*
Asset protection
strategies.
The
current
recession and downturn in the markets, coupled with the current
low-interest-rate environment, allows individuals to transfer wealth at
exceptionally low values. We may look back on this
period as a historic opportunity for the transfer of wealth, which is
unlikely to be seen again in our lifetime.
The
combination
of low interest rates and reduced asset values
makes many opportunities available that were formerly to expensive.
June, 2009
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