Nevada Wealth Counseling FAQ: What Is Legacy Wealth Planning? - PowerPoint PPT Presentation

About This Presentation
Title:

Nevada Wealth Counseling FAQ: What Is Legacy Wealth Planning?

Description:

A look at Nevada legacy wealth planning. – PowerPoint PPT presentation

Number of Views:178

less

Transcript and Presenter's Notes

Title: Nevada Wealth Counseling FAQ: What Is Legacy Wealth Planning?


1
NEVADA WEALTH COUNSELING FAQ
What Is Legacy Wealth Planning?
2
More Than Estate Planning
3
Everyone should have an estate plan in place,
regardless offinancial status
4
However, when you have accumulated considerable
wealth you have added layers of concern
5
High net worth individuals should engage in the
process of LEGACY WEALTH PLANNING
6
Preserve Your Wealth
7
When you have wealth that could logically remain
intact over multiple generations you must plan
ahead appropriately
8
MANY FORTUNES HAVE BEEN LOST as they have been
handed on to SUCCEEDING GENERATIONS
9
This can take place for any number of reasons
10
1
Inheritance Mismanagement
11
There are those who are not fantastic money
managers
12
  • Inherited assets are sometimes lost due to poor
    decision-making

13
When you are engaged in Legacy Wealth Planning
you can take legal steps to prevent mismanagement
14
2
Federal Estate Tax
15
Federal transfer taxes can erode your financial
legacy CONSIDERABLY
16
There is a federal estate tax in place that
carries a 40 percent maximum rate
17
  • At the present time the amount of the federal
    estate tax exclusion is 5.25 million

18
Anything that you bequeath that exceeds this
amount is potentially subject to the Federal
Death Tax
19
3
Federal Gift Tax
20
We also have a federal gift tax in the United
States
21
It is unified with the estate tax, and as such it
too carries a 40 percent maximum rate
22
The 5.25 million exclusion applies to gifts you
make during life as well as the inheritances you
leave behind
23
Tax Efficiency Strategies
24
Effective Legacy Wealth Planning will involve
the implementation of TAX EFFICIENCY STRATEGIES
25
  • There are a number of legal strategies that can
    be implemented to mitigate your transfer tax
    exposure

26
Philanthropy
27
Philanthropy can be part of your legacy wealth
plan
28
You may want to have your name associated with
acts of charitable giving into perpetuity
29
In addition to the personal rewards, there can be
significant tax savingswhen you give to tax
exempt causes, institutions and organizations
30
Northern Nevada Wealth Counselors
31
If you would like to learn more about LEGACY
WEALTH PLANNING we invite you to contact our
firm to schedule a free consultation
32
If you live in northern Nevada give us a call at
775-823-WILL to make an appointment
33
If you live in northern Nevada give us a call at
775-823-WILL to make an appointment
Or visit our website
www.Wealth-Counselors.com
Write a Comment
User Comments (0)
About PowerShow.com