For business owners, leaving a legacy behind for their children is often a driving factor. Leaving that legacy to chance is not. If the owner of a business passes away, often, the family will have to borrow the cash needed to pay for funeral expenses, taxes on the estate, and ordinary income taxation of stock … Continue reading Can Life Insurance Help Protect Your Legacy?
In the past 50 years, the way Americans look at legacy giving has changed. Generational views on inherited wealth are changing and questions about how much to leave children are being asked. The Silent Generation The parents of baby boomers, this generation lived through the Great Depression and World War II. Because of this, they … Continue reading Your Legacy and Your Children as a Retiree