Legacy Planning

The following client scenarios are not specific to actual events and are not indicative of all client experiences. These examples are used to illustrate how an advisor at Achieva Wealth Advisors can potentially assist Achieva members with a variety of investment-related needs. Your results may differ substantially. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Bob and Mary are in their mid-60s. Bob recently retired after a highly successful career as an orthopedic surgeon. Both in great health, they live a comfortable, active lifestyle. They realize that they won’t be around forever and want to determine the best way to distribute their assets among their six grandchildren when the time comes.

They want to make sure they plan for their legacy so the bulk of their assets will actually go to their grandchildren, not to taxes. They also want to make sure they set up a plan so their grandchildren, who are currently all teenagers, don’t lose their motivation to succeed.

They can meet with an advisor who can help them with retirement planning. The advisor will discuss such as lifetime gifting and life insurance that would enable them to transfer assets tax free.

The advisor can work with Bob and Mary’s attorney to draft the documents and provide necessary legal guidance. Once the documents are signed, Bob and Mary could feel more confident that their hard-earned wealth would likely continue to deliver results and protect their grandchildren once they are gone.