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 percentage of Americans have a will or estate plan in place as of 2021? Answer at the bottom of the newsletter |
Inflation-Proofing Your Estate: Strategies for Sustaining Value in Legacy Planning |
Inflation can significantly impact legacy planning, potentially eroding the value of assets intended for future generations. To ensure that your legacy maintains its value over time, it's crucial to account for inflation in your estate planning process. One effective strategy is to incorporate investments that historically outpace inflation, such as stocks or real estate, into your estate plan. These assets have the potential to grow in value over time, helping to safeguard your legacy against inflationary pressures. Additionally, consider using inflation-indexed financial products, like Treasury Inflation-Protected Securities (TIPS), which adjust the principal value in line with inflation, providing a reliable hedge. Another key component of legacy planning is regularly reviewing and updating your estate plan. This ensures that asset allocations align with current economic conditions and inflation rates. As the cost of living rises, the amount you initially planned to leave may not stretch as far in the future. Adjusting your financial goals and estate plan periodically can help maintain the purchasing power of your legacy. Consider including specific inflation-adjustment clauses in your will or trust documents. These clauses can automatically increase the amounts designated for heirs based on a predetermined inflation rate, helping to ensure that your gifts retain their intended value. By proactively addressing inflation in your estate planning, you can protect your legacy, ensuring that it provides lasting support and security for your loved ones long after you’re gone. This foresight allows you to leave a meaningful impact on future generations. |
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: Approximately 32%. |