Debbie and Dave Schneider are retired, and they recently moved to the Pacific Northwest to be near their grandchildren.
Establishing Priorities Through Legacy Planning
The Schneiders’ goals are two-fold: Safeguarding their robust retirement, while making a difference and leaving their mark on their family and the world. They would benefit from our Life Planning Process, with a focus on minimizing any regrets related to wealth transfer. Through this process, they could confidently describe their top priorities today, such as:
Connecting Legacy Goals with Financial Life Planning
With the Schneiders’ priorities set, we could begin tailoring financial solutions for maximizing their lifetime goals. To safeguard their personal and financial well-being, we could explore appropriate combinations of long-term care insurance, powers of attorney, real estate management, and other essential “safety net” solutions. We could help them create a budget for their lifetime gifting, and estate planning for legacy goals. We could also help them structure a tax-efficient investment portfolio, balanced to provide dependable income for lifetime giving, and long-term market returns for legacy goals.
Putting the Pieces in Place
Once the Schneiders have their plans in order and resources structured accordingly, they can more readily relax, directing their wealth according to their most heartfelt values. Over time, we might also facilitate meaningful conversations among the Schneider family, to ensure Debbie and Dave’s well-built plans stand the best chance of staying on track across the generations.