Legacy Planning

Helping To Protect Your Assets and Legacy

Estate and Legacy Planning
Help protect your assets and legacy for your loved ones, while controlling the way in which your money is passed down. Our process includes strategies that help reduce or eliminate taxes.
Legacy Planning
Leave A legacy
Planning for the future is essential, especially when it comes to securing your assets and protecting your loved ones. Goldstone Financial Group’s estate planning and legacy planning services can help you ensure that your personal finance health and your legacy are well protected, even after you’re gone. By creating a living will, setting up a trust, and planning for inheritance, you can leave a lasting impact and provide for those you care about.
What is Legacy/Estate Planning?

Legacy planning (otherwise known as estate planning) is the process of creating a plan for your assets and personal financial health after you’re gone. This can include estate planning, tax planning, and inheritance planning, as well as leaving a legacy that lasts for generations. By working with a legacy planning professional, you can ensure that your wishes are carried out and your loved ones are provided for.

Protect Your Loved Ones
Estate planning enables you to protect your loved ones after you pass away. With a well-crafted estate plan, you can ensure that your assets are distributed according to your wishes, and your family members are taken care of financially.
Estate Planning and Tax Planning

Estate planning is the process of creating a plan for your assets, including property, investments, and personal possessions, after you’re gone. Our advisors at Goldstone will help with setting up a will, creating a trust, and planning for estate tax. Estate tax is a tax that is imposed on the transfer of property after you’re gone, and it can have a significant impact on the amount of inheritance your loved ones receive. By working with our estate planning professionals, you can minimize estate tax and ensure that your assets are distributed according to your wishes.

Minimize Estate Taxes
Estate taxes can be a significant burden on your family members after you pass away. However, with proper estate planning and a solid estate planning professional from Goldstone Financial, you can minimize estate taxes, leaving more assets and less hassles for your loved ones.
Estate and Tax Planning
Trust and Living Wills
Avoid Family Conflicts
Without a proper estate plan, your family members may face conflicts and legal battles over your assets after you pass away. With a proper estate plan, you can ensure that your assets are distributed according to your wishes, minimizing the risk of family conflicts. Button: Speak with a Financial Professional
Trusts and Living Wills
A trust is a legal arrangement in which you transfer your assets to a trustee, who manages them on behalf of your beneficiaries. This can include setting up a revocable living trust, which allows you to retain control over your assets while you’re alive, and a testamentary trust, which is created after you’re gone.

A living will is a legal document that outlines your wishes for medical treatment if you become incapacitated or are unable to make decisions for yourself. By setting up a trust and creating a living will, you can ensure that your assets are managed and distributed according to your wishes.
Asset Protection and Inheritance Planning
Asset protection is the process of protecting your assets from creditors and other legal claims. This can include setting up a limited liability company (LLC), creating a family limited partnership (FLP), and transferring your assets to a trust. Inheritance planning is the process of creating a plan for your beneficiaries to receive your assets after you’re gone. This can include setting up a trust, creating a will, and planning for inherited IRAs. Speak with one of our expert estate planners to learn more about protecting your assets and managing your inheritance.
Leaving a Legacy with Inherited IRAs and Estates
Inherited IRAs are retirement accounts that are passed down to your beneficiaries after you’re gone. By setting up an inherited IRA, you can provide your loved ones with a source of income and minimize taxes. Inherited estates are the assets that are passed down to your beneficiaries after you’re gone. By planning for inherited estates, you can ensure that your assets are distributed according to your wishes and that your loved ones are provided for.
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Plan for Incapacity
Estate planning not only involves planning for after you pass away, but it also involves planning for incapacity. With a living will and trust, you can ensure that your wishes are followed in case you become incapacitated and unable to make decisions for yourself.

Legacy planning is an important part of ensuring that your assets and property are distributed according to your wishes after you pass away. By working with a professional who specializes in estate planning, you can create a plan that minimizes taxes, protects your assets, and ensures that your loved ones are taken care of. Whether you’re planning for retirement or already in retirement, it’s never too early or too late to start planning for the future. So, take the first step and start your legacy planning today.
Legacy & Estate Planning Frequently Asked Questions
What is estate planning?

Estate planning involves creating a plan for how your assets and property will be distributed after you pass away. It may also include planning for incapacity and medical decision-making.

What is a living will?

A living will is a legal document that outlines your wishes for medical treatment in the event that you become incapacitated and unable to make decisions for yourself.

What is a trust?

A trust is a legal entity that holds assets for the benefit of designated beneficiaries. Trusts can be used to avoid probate, minimize taxes, and protect assets from creditors.

What is estate tax?

Estate tax is a tax on the transfer of property after someone passes away. The federal estate tax applies to estates valued over a certain threshold, which is currently $11.7 million.

Do I need an estate plan if I don't have a lot of assets?

Yes, an estate plan is important even if you don’t have a lot of assets. It can help ensure that the assets you have are passed down correctly and without conflict between family members.

How can tax planning be part of estate planning?

Tax planning can be an important part of estate planning. By minimizing taxes, you can maximize the amount of assets that are passed on to your beneficiaries. Strategies like gifting, charitable giving, and using trusts can help reduce your tax bill.

What is personal finance health?

Personal finance health refers to the overall financial well-being of an individual. This includes factors like income, expenses, savings, investments, and debt.

What is asset protection?

Asset protection involves taking steps to protect your assets from potential legal claims or creditors. This can include strategies like insurance, trusts, and legal entities.

What is inheritance planning?

Inheritance planning involves deciding how you want to distribute your assets and property after you pass away. Proper inheritance planning can help ensure that your assets are passed on to your beneficiaries in a tax-efficient manner.

What are inherited IRAs?

Inherited IRAs are individual retirement accounts that are passed on to beneficiaries after the account owner passes away. The rules surrounding inherited IRAs can be complex, and it’s important to understand how they work to ensure that your beneficiaries receive the maximum benefit.

What is an inherited estate?

An inherited estate refers to the assets and property that are passed on to beneficiaries after someone passes away. Proper planning can help ensure that these assets are passed on in a tax-efficient manner and that your beneficiaries receive the maximum benefit.

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