You are probably already familiar with the concept of estate planning. In fact, you (hopefully) already have an estate plan in place. What you may not be as familiar with though is the concept of legacy planning. Legacy planning is an opportunity to take your existing estate plan to the next level and leave behind more of yourself than just the assets you accumulated over the course of your lifetime. Traditional Estate Planning vs. Legacy Planning If you already have an estate plan in place, the good news is that you can incorporate legacy planning into that existing plan without [Read more…]

When most people think about estate planning, they focus on creating a plan that will ensure their assets are passed down according to their wishes at the end of their life. Take a moment though to think about the things you really want to pass down to future generations. Is it really just tangible assets you want to pass on to your children and grandchildren? What about the intangible ideals, philosophies, and beliefs that make you who you are? Aren’t those equally important – if not more important – to pass down? Legacy wealth planning is designed to help ensure [Read more…]

When you think about estate planning, you likely think about devising a plan for the distribution of your estate assets after your death. Traditional estate planning does just that; however, you may want to pass down more than just your material wealth. What about intangible concepts such as your values, beliefs, ideals, and your faith that may have helped guide you over the course of your lifetime? Don’t you want to pass those down to future generations as well? With that in mind, a Vernon Hills legacy planning attorney asks you: “What legacy do you want to leave behind?” Traditional [Read more…]