It is great to build wealth but true financial security transcends piling up assets. More than that, it is about laying a legacy for you and your loved ones. Landsberg Bennett Private Wealth Management is here to help you with your estate, legacy, and gifting planning. With experienced advisors in the wealth management field, we will take you through the steps of helping you to safeguard your wealth, lessening the tax burden, and protecting your wishes through generations.
We don’t believe in one-size-fits-all. Our estate, legacy, and gifting services should be as distinctive and customized as your legacy. In a collaborative process, we will follow through with:
Family situation and dynamics
Financial goals and objectives
Values and philanthropic aspirations
Wishes for future generations
Once we have all of the above information, we will help you put a comprehensive plan in order to meet your needs and protect your legacy.
Will Drafting and Review: Our team will support and guide you the entire process of writing a will. We also offer regular review and update services to you updated on your plan.
Trust Creation and Administration: Determine which kind of trust is suitable for your needs, assist in its creation, and continue the administration after its completion.
Beneficiary Designation Planning: Help you determine to whom you want to benefit your retirement accounts, life insurance policies, and other assets with beneficiary choices.
Power of Attorney and Healthcare Directive Assistance: Assist in drawing up a legal document that designates authorized people to act on your behalf if you are incapacitated or unable.
Charitable Giving Strategies: When it comes to charitable giving, not only can you offer support to projects in line with your values, but you may also receive favorable tax breaks. Our staff can provide strategies including Donor-Advised Funds and Charitable Remainder Trusts to enhance the charitable impact and governance style.
Family Foundation Establishment: If the family possesses a significant amount of wealth, a family foundation may be quite advantageous, allowing you to passively monitor money over the long term while ensuring your philanthropic ideals are preserved in your family.
Succession Planning for Family Businesses: If you run a family enterprise, we can assist you in developing the business succession strategy to smoothly pass on ownership from one generation to another. Considering the implications for taxes, as well as addressing difficult family matters, is a smart career move.
Intergenerational Wealth Transfer Planning: We offer assistance in crafting strategies for the tax-efficient transfer of wealth to your heirs, carefully considering the long-term impact on future generations and addressing the needs of potential beneficiaries.
Annual Gift Tax Exclusion Techniques: Utilize annual gift tax exclusions to transfer wealth to relatives, reducing your taxable estate in the process.
Lifetime Gifting Strategies for Education and Healthcare Expenses: Support significant costs like education or healthcare for your loved ones through gifting, considering the legal and tax implications.
Charitable Gift Planning: Donating assets, such as those that have increased in value, can provide support to chosen causes while offering potential tax advantages.
Taking a comprehensive approach to estate, legacy, and gifting strategies offers a multitude of benefits:
Confidence and Security: Helping to ensure your estate plan aligns with your desires provides reassurance that your assets will be allocated as you wish, securing your legacy and your family's future.
Tax Minimization: Proper estate and gifting planning can reduce the estate tax burden, ensuring more of your estate goes to your heirs. We stay updated on tax regulations to optimize your plan for tax benefits.
Family Harmony: A well-structured estate plan clarifies your intentions, reducing misunderstandings and conflicts among beneficiaries. This transparency helps maintain family harmony.
Creating a Lasting Legacy: Through thoughtful legacy planning, you can influence future generations positively. Your legacy can take many forms, from philanthropy to imparting family values, creating a meaningful influence that lasts.
Collaborating with Landsberg Bennett equips you with the necessary tools and advice to help you realize these benefits effectively.
Fiduciary Advantage: Our fiduciary commitment means we prioritize your interests. This approach ensures you receive advice that is ethical and tailored to your individual situation.
Experienced Advisors: Our professionals bring a wealth of knowledge in managing estate, legacy, and gifting plans for clients with various needs, reflecting our broad experience in wealth management.
Holistic Approach: We look at the bigger financial picture, blending estate, legacy, and gifting planning seamlessly with your broader financial objectives.
Clear Communication: We maintain open lines of communication, helping to ensure you are up-to-date and engaged with your financial planning process.
Ongoing Support: Our relationship with you goes beyond creating your initial plan. We are committed to adapting your strategy to meet changing life dynamics, offering consistent support.
*Barron’s annual rankings are based on assets under management, revenue generated by advisors for their firms, and the quality of their practices. Investment performance isn’t an explicit criterion, because it is often a function of each client’s appetite for risk. In our evaluations, we examine regulatory records, internal company documents, and 100-plus data points provided by the advisors themselves.
The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years’ experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings.
Whether you're just starting to consider estate planning or looking to refine your existing strategies, Landsberg Bennett is here to guide you. Contact us today to schedule a consultation and discuss how we can help you create a lasting legacy for yourself and your loved ones.