Legacy planning can be a tough subject to talk about. Facebook LinkedIn Twitter. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Tax and accounting services provided by Marcum, LLP. In contrast, older generations have benefited from generous final salary pensions and big increases in stock and housing markets over the last three decades.
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Read MoreNeither personalized services nor financial or professional resources or processes should be construed as a guarantee of a particular outcome. It involves assessing current financial resources, creating strategies for wealth accumulation and preservation and establishing mechanisms for the distribution to loved ones at the correct time and in the correct manner. Article Intergenerational planning: the how, what why, where and when? Inheritance tax planning Estate planning. Creating a financial plan and working with a financial planner may help alleviate stress while keeping more money in your pocket through the transition process. In our position as advisors, we see the impact of a client or family member passing more often than we would like. If starting the conversation proves particularly difficult, one strategy might be to invite beneficiaries to tax, investment, and financial planning meetings.