Leaving a Legacy
Protecting What You’ve Built For the Ones You Love
As you enter this important chapter, ensuring your assets are passed on according to your wishes becomes a priority. Whether you want to leave a financial gift to your family, support a cause you care about, or simply ensure that everything is in order, Nelson Murphy is here to help you create a legacy that reflects your values and protects your loved ones.
Estate Planning and Review: Keeping Your Plan Up-to-Date
Your estate plan is more than just a will—it’s a comprehensive strategy for distributing your assets, minimizing taxes, and reducing stress for your family. Regularly reviewing and updating your estate plan ensures it continues to align with your wishes.
Key Areas We Help With:
- Wills and Trusts: Ensure your will or trust accurately reflects your current wishes for how your assets should be distributed.
- Power of Attorney: Designating someone to make financial or medical decisions on your behalf if you’re unable to do so is a crucial part of planning.
- Minimizing Estate Taxes: We help structure your estate in a way that reduces tax liabilities for your heirs.
Protecting and Distributing Your Assets
Whether your priority is providing for your family, giving to charity, or both, we can guide you through the best ways to protect and distribute your wealth.
Family Wealth Transfer
For many, ensuring their family is taken care of is the top priority. We help you determine the most efficient ways to pass on your assets—whether through direct gifts, trusts, or other vehicles that reduce tax implications and maximize the benefits for your heirs.
Gifting:
You can gift up to a certain amount each year tax-free to family members, which can help reduce your estate’s size over time while providing immediate benefits.
Trusts:
Whether for tax efficiency or protecting assets until your heirs are ready, we can help set up trusts tailored to your needs.
Charitable Giving
If giving back to your community or a cause is important to you, there are numerous ways to incorporate philanthropy into your legacy. Whether it’s through direct donations, setting up a charitable trust, or creating an endowment, we’ll help you structure your charitable giving in a way that aligns with your financial and personal goals.
Donor-Advised Funds:
These funds allow you to make charitable contributions now while giving you flexibility in choosing how and when the funds are distributed.
Charitable Trusts:
You can set up a trust that benefits a charity and provides tax benefits, ensuring your wealth supports the causes you care about most.
How Nelson Murphy Helps You Build Your Legacy
Leaving a legacy is about more than just transferring wealth. It’s about making sure your values are reflected in how your assets are distributed and ensuring your loved ones are protected. Nelson Murphy offers personalized estate planning and legacy strategies designed to meet your specific needs. Here’s how we help:
Comprehensive Estate Planning
We’ll work with your attorney and other advisors to ensure all legal documents are in order and that your estate is structured for maximum tax efficiency.
Personalized Wealth Transfer Strategies
Whether you’re passing assets to family, friends, or charitable causes, we’ll guide you in structuring your legacy according to your values and financial goals.
Ongoing Support
Life changes, and so should your legacy plan. We’ll continue to review your plan over time, ensuring it always reflects your current wishes.
Start Your Legacy Planning Today
Ready to ensure your legacy reflects the life you’ve built and the values you hold dear? Contact Nelson Murphy today to discuss how we can help you create a plan that protects your loved ones and the causes you care about.
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