Legacy Planning for High Net-Worth Families

Legacy Planning is the go-to for anyone with an estate value over $1 million, or couples with over $2 million. This is where you step up your game to avoid or reduce estate taxes, safeguard your assets, and maybe even launch a planned giving program. Given Oregon’s ever-growing real estate values, a decent retirement fund, and a life insurance policy, it’s not surprising that many “average” folks land in this bracket. If you’re staring at that threshold, it’s not about whether you’ll need Legacy Planning—it’s about when. We’ll make sure you’re clued in on what you’re facing and help you decide whether to tackle it now or later.

Who is the client that does Legacy Planning?

If you have people and causes you love and you want to ensure your resources benefit your loved ones and favorite causes—rather than leaving it up to the government’s default plan if you do nothing—then Legacy Planning is for you.

Most folks diving into Legacy Planning aren’t just out to dodge taxes. They’re motivated by goals like: protecting a family business or cherished property, supporting children and grandchildren, caring for a disabled family member, funding causes close to their heart, driving social change, or leaving a legacy that makes their family beam with pride.

How does Legacy Planning work?

Think of Legacy Planning like assembling a really intricate jigsaw puzzle, but it all starts with laying down the foundational estate plan. If you haven’t got your basics in place or need an update, we’ll kick things off with a Revocable Trust Plan. This plan lets your Trustee manage your assets if you’re incapacitated or shuffle off this mortal coil, sidestepping the dreaded court process. It covers essentials like a Pourover Will, Durable Power of Attorney, and Advance Directives.

Legacy Planning doesn’t stop at avoiding court—it’s about protecting your assets and steering them exactly where you want.

Once we’ve got your foundation set, we’ll craft a bespoke strategy for your family’s asset protection, estate tax strategy, and charitable giving. We’re talking Irrevocable Trusts, Charitable Trusts, Family LLCs, annual and lifetime gifting, life insurance, annuities, and more. Every family’s puzzle is unique, so the tools and tactics will vary. While we can’t give a precise quote right off the bat, expect to invest $10,000+ for this level of planning.

Want to chat about your options? Give us a call at (503) 235-5150 to discuss your goals with Candice and see if we’re a good fit. To avoid endless phone tag, schedule a complimentary call here:

Got questions? Drop us an email!