Legacy Leaders Network
Tips of the week!
- Legacy Leaders Network
- Posts
- Legacy Tips of the Week
Legacy Tips of the Week
Legacy Tips of the Week
 |
Trivia Question❓What early 20th-century movement sought to reform estate planning and taxation in the U.S., advocating for progressive taxation and more equitable distribution of wealth? Answer at the bottom of the newsletter |
Beyond the Will: Addressing Digital Privacy and Security in Legacy Planning |
In today’s digital age, legacy planning extends beyond traditional estate considerations, incorporating digital privacy and security into the estate plan. As our lives become increasingly intertwined with technology, managing online accounts and personal data is essential to ensure that our digital legacies are handled according to our wishes after we pass. One of the primary concerns in legacy planning is the potential for unauthorized access to personal information. Many individuals have numerous online accounts—banking, social media, email, and cloud storage—each containing sensitive information. To address this, it’s crucial to create a comprehensive digital inventory that outlines all accounts, passwords, and access protocols. Utilizing password managers can help securely store this information, allowing designated heirs to access accounts when necessary. Additionally, it’s important to communicate your wishes regarding digital assets in your estate plan. Specify how you would like your online presence to be managed—whether you want accounts deactivated, memorialized, or transferred to loved ones. Include this information in your will or a separate digital asset plan. Consider appointing a digital executor responsible for overseeing your digital assets. This person should understand your wishes and have the technical knowledge to manage online accounts effectively. By proactively addressing digital privacy and security concerns in your legacy planning, you can ensure that your digital footprint is preserved according to your values and desires, providing peace of mind for both you and your loved ones in an increasingly digital world. |
You Are Invited! |
Make Your Funeral A Teaching Moment Stan Miller is a nationally recognized estate planning attorney, a #1 Amazon best-selling author, the co-host of the Your Life Your Legacy podcast, and one of the cofounders of Wealth Counsel, the largest estate planning software program used by estate attorneys. On this educational lunch and learn, Stan will share: Your death is an occasion to share your wisdom, life lessons and some of the stories of your life many people don’t know. This is an opportunity that should not be wasted. The people who are most important in your life will be there. Their children, and perhaps their grandchildren, will also be there. For a few hours, you will be the focus of their attention. You can make this a powerful teaching moment. Register now and learn how to Make Your Funeral A Teaching Moment Your lunch instructions will be in your confirmation email and text, so make sure to enter your correct email and cell phone numbers. Date: Thursday, October 24th, 2024 Time: 12-1PM Eastern Place: Zoom Register here |
Attention High Income Professionals & High Net Worth Business Owners: Are you tired of watching your hard-earned income vanish into taxes every year? If you’re a business owner or a high-earning professional you know the frustration of sending checks to the IRS. But what if I told you there’s a legal, proven strategy that could help you reduce your taxes by up to TEN times your investment while still earning a targeted 18% annual return on your money? It may sound too good to be true, but it’s a strategy that’s transforming how high-net-worth individuals like you approach their finances, and it’s backed by a little-known sections of the IRS tax code: Section 168k and Section 179. But here’s where it gets even better this isn’t just about tax savings. By using this strategy, you’re not only cutting your taxes but you’re also securing a targeted 18% annual return on your investment. That’s right—you save money, and your money works for you, growing year after year. And there’s more. You’ll get your principal investment back at the end of FIVE years all while continuing to enjoy those reduced taxes and annual returns. Business owners and professionals across the country are already benefiting from this strategy, and it’s completely legal and in compliance with all IRS regulations. This isn’t some loophole that will get you in trouble It's a smart, strategic financial tool that you can leverage to maximize your wealth. During this session, you’ll learn how to:
Date: Friday October 25th, 2024 Time: 12-1PM Eastern Place: Zoom Register here |
💡 Answer to Trivia Question: The Progressive Era. |