Wealth Transfer Services & Legacy Planning : Why It Matters
The Importance of Designating Beneficiaries
When life gets hectic and your to-do list seems endless, it can be easy to let financial planning details slip through the cracks. However, updates to your designated beneficiaries on 401(k) plans, IRA accounts, and other retirement assets is vitally important.
How Fredericks Helps with Wealth Transfer Services & Legacy Planning
Legacy strategies focused on clarity, efficiency, and personal priorities.
Our wealth transfer services guide families through the process of structuring wealth transfer plans that reflect both intention and practicality.
- Beneficiary & Asset Titling Reviews: We review account structures, titling, and beneficiary designations to help align them with your long-term intentions and family structure.
- Gifting and Charitable Planning: Explore annual gifting strategies, donor-advised funds, and charitable plans that reflect your personal or philanthropic goals.
- Family Conversation & Transition Support: We help you prepare to discuss your legacy plan with loved ones, providing clarity and reducing uncertainty during future transitions.
- Coordination with Legal & Tax Professionals: We collaborate with your estate planning attorney and CPA to help ensure your financial strategy supports your legal and tax objectives.
Do I need a legacy plan if I already have a will?
A will is a starting point—but it may not cover everything. A complete legacy plan helps coordinate assets, beneficiaries, and tax considerations beyond what a will alone can do. It brings clarity to your intentions and structure to your overall financial picture.
How can I reduce taxes on inherited assets?
No one wants to see a lifetime of work diminished by unnecessary taxes. We help explore thoughtful options—like Roth conversions, gifting, and beneficiary strategies — that may reduce tax exposure and keep more of your assets aligned with your goals.
When should I start thinking about legacy planning?
If you’ve thought about who or what you’d like to impact beyond your lifetime, it’s time to start. Legacy planning isn’t just for the wealthy—it’s for anyone who wants their values reflected in what they leave behind. The earlier you plan, the more options you have.
