Estate & Legacy Planning

Estate and legacy planning extends beyond determining the fate of your assets after your passing; it’s a comprehensive strategy for creating a lasting influence that embodies your values and desires. At Du Charme Wealth Management, we recognize the profound significance of ensuring that your legacy is meticulously crafted to reflect your personal vision and objectives.

A well-constructed legacy involves both the tangible and intangible. It can include the strategic transfer of wealth during your lifetime as well as after, charitable endeavors, provisions for special needs family members, and the transfer of your personal values and beliefs. Each element requires thoughtful and personalized financial planning.

Common Considerations of Estate & Legacy Planning

Wealth Transfer

Effective estate planning not only addresses posthumous asset distribution but also considers the benefits of lifetime wealth transfers, such as reducing estate taxes and providing for your heirs during your lifetime. We can help structure your estate to seamlessly integrate these transfers, helping you work towards achieving your financial goals now and in the future.

Charitable Giving

If philanthropy is part of your vision, we can integrate charitable giving strategies into your estate plan. This might include establishing charitable trusts or more simplified and efficient strategies for charitable giving, which can offer tax advantages while fulfilling your philanthropic objectives.

Special Needs Support

For families with special needs children or dependents, careful planning is essential. We design plans that provide for their care and financial security through effective collaboration with your attorney while maintaining considerations for things like government benefits.

Transferring Values and Beliefs

Sometimes it is more important to transfer beliefs, values, and memories more than assets. This can introduce added complexities to the financial and estate planning process because there is an overlapping goal of continuing self-reliance with an added complexity to ensuring non-tangible assets are transferred, which can often require tangible assets (money) in the present.

Integration with Investment & Tax Planning

Estate and legacy planning is intricately linked with your investment and tax strategies due to significant financial implications. We help provide peace of mind that your estate plan is complemented by your investment goals and considers efficient tax planning practices. This more complete approach aims to maximize asset growth and preservation while minimizing non-essential tax liabilities, helping to ensure your legacy is built on a solid financial foundation.

Why Estate & Legacy Planning Matters

Effective estate and legacy planning allows you to shape your world according to your wishes, offering peace of mind that your values, assets, and desires are likely more secure and will continue to benefit your loved ones and the causes you care about. It ensures that your legacy is impactful, aligning more fully with your life’s work and aspirations.

At Du Charme Wealth Management, we work closely with you and your estate attorney of choice to develop a bespoke estate and legacy plan that respects your wishes and aims to meet your specific legacy objectives. Through detailed planning and empathetic understanding of your aspirations, we aim to ensure that your legacy is exactly as you intend—providing not just for those you leave behind but also reflecting what you value most.

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Information presented is for your educational purposes only and should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented.

Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

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