SERVICE TIERS
| Attribute | LIFETIME | LEGACY |
|---|---|---|
| Best when: | Planning for your future, including outright gifts to family members | Planning around estate tax and/or significant irrevocable trusts |
| Emphasis: | Deciding | Deploying |
| Emphasis, continued | Scenario testing | Strategy testing |
| Emphasis, continued | Income tax | Gift and estate tax |
| Emphasis, continued | Timelines and critical actions | Implementation and improvement |
LIFETIME
- Best when:
- Planning for your future, including outright gifts to family members
- Emphasis:
- Deciding
- Emphasis, continued
- Scenario testing
- Emphasis, continued
- Income tax
- Emphasis, continued
- Timelines and critical actions
LEGACY
- Best when:
- Planning around estate tax and/or significant irrevocable trusts
- Emphasis:
- Deploying
- Emphasis, continued
- Strategy testing
- Emphasis, continued
- Gift and estate tax
- Emphasis, continued
- Implementation and improvement
See details below.
SERVICES IN MORE DETAIL
| Service item | LIFETIME | LEGACY |
|---|---|---|
| Cash Flow Projections | Included | Included |
| Income variability discussion | Included | Included |
| Employment benefits advice | Included | Included |
| Life and disability insurance | Included | Included |
| Income tax projections | Included | Included |
| Long-term care cost forecasts | Included | Included |
| Income tax advice | High | High |
| Tax effects of trading strategies | Medium | High |
| Medical coverage advice (group, COBRA, ACA, IRMAA) | Medium | High |
| Retirement spending source advice | Medium | High |
| Options or restricted stock forecasts, scenarios, and analysis | Medium | High |
| Exit or liquidity event advice | Medium | High |
| Long-term care funding advice | Medium | High |
| Deferred compensation advice | Medium | High |
| Rental properties analyzed | 1–3 | 4 or more |
| Active business entities analyzed | 1 | 2 or more |
| Social Security advice | Medium | High |
| Pension benefit advice | Medium | High |
| Liquidity event-specific advice | Medium | High |
| Emergency fund | Included | Included |
| Saving for education | Included | Included |
| Saving for weddings, homes | Included | Included |
| Saving for retirement | Included | Included |
| Retirement readiness | Included | Included |
| Retirement stress-testing | High | High |
| Capital call sources identified | Medium | High |
| Liquidity constraints, timing, urgency | Medium | High |
| Business Retirement Plan Selection | Medium | High |
| Property and casualty review | Included | Included |
| Entity review and advice | Medium | High |
| Buy/Sell Agreement and Funding | Medium | High |
| Productive or personal | Included | Included |
| Planned or reactive | Included | Included |
| Interest rate risks | Included | Included |
| Plan to pay down | Included | Included |
| Health care powers, medical directives, HIPAA release, financial powers | Included | Included |
| Review title and beneficiaries | Included | Included |
| Review existing wills, living trust | High | High |
| Review of existing trusts created by others for your benefit | Medium | High |
| Review drafts of revised wills, living trust | Medium | High |
| Annual gifts to family | Included | Included |
| Funding child's future home purchase | Medium | High |
| Charitable giving | Medium(QCD, insurance) | High(CRT, foundation) |
| Estate design and illustrations | Medium | High |
| Estate tax strategy advice | Medium | High |
| Irrevocable trust design & Illustrations | ILIT only | All types(GRAT, SLAT, DGT, QPRT) |
| Income tax elections | Included | Included |
| Withdrawal maximization / minimization | Included | Included |
| State income tax reduction advice | Not included | Included |
| Rule against perpetuities | Not included | Included |
- Cash Flow Projections
- LIFETIMEIncluded
- LEGACYIncluded
- Income variability discussion
- LIFETIMEIncluded
- LEGACYIncluded
- Employment benefits advice
- LIFETIMEIncluded
- LEGACYIncluded
- Life and disability insurance
- LIFETIMEIncluded
- LEGACYIncluded
- Income tax projections
- LIFETIMEIncluded
- LEGACYIncluded
- Long-term care cost forecasts
- LIFETIMEIncluded
- LEGACYIncluded
- Income tax advice
- LIFETIMEHigh
- LEGACYHigh
- Tax effects of trading strategies
- LIFETIMEMedium
- LEGACYHigh
- Medical coverage advice (group, COBRA, ACA, IRMAA)
- LIFETIMEMedium
- LEGACYHigh
- Retirement spending source advice
- LIFETIMEMedium
- LEGACYHigh
- Options or restricted stock forecasts, scenarios, and analysis
- LIFETIMEMedium
- LEGACYHigh
- Exit or liquidity event advice
- LIFETIMEMedium
- LEGACYHigh
- Long-term care funding advice
- LIFETIMEMedium
- LEGACYHigh
- Deferred compensation advice
- LIFETIMEMedium
- LEGACYHigh
- Rental properties analyzed
- LIFETIME1–3
- LEGACY4 or more
- Active business entities analyzed
- LIFETIME1
- LEGACY2 or more
- Social Security advice
- LIFETIMEMedium
- LEGACYHigh
- Pension benefit advice
- LIFETIMEMedium
- LEGACYHigh
- Liquidity event-specific advice
- LIFETIMEMedium
- LEGACYHigh
- Emergency fund
- LIFETIMEIncluded
- LEGACYIncluded
- Saving for education
- LIFETIMEIncluded
- LEGACYIncluded
- Saving for weddings, homes
- LIFETIMEIncluded
- LEGACYIncluded
- Saving for retirement
- LIFETIMEIncluded
- LEGACYIncluded
- Retirement readiness
- LIFETIMEIncluded
- LEGACYIncluded
- Retirement stress-testing
- LIFETIMEHigh
- LEGACYHigh
- Capital call sources identified
- LIFETIMEMedium
- LEGACYHigh
- Liquidity constraints, timing, urgency
- LIFETIMEMedium
- LEGACYHigh
- Business Retirement Plan Selection
- LIFETIMEMedium
- LEGACYHigh
- Property and casualty review
- LIFETIMEIncluded
- LEGACYIncluded
- Entity review and advice
- LIFETIMEMedium
- LEGACYHigh
- Buy/Sell Agreement and Funding
- LIFETIMEMedium
- LEGACYHigh
- Productive or personal
- LIFETIMEIncluded
- LEGACYIncluded
- Planned or reactive
- LIFETIMEIncluded
- LEGACYIncluded
- Interest rate risks
- LIFETIMEIncluded
- LEGACYIncluded
- Plan to pay down
- LIFETIMEIncluded
- LEGACYIncluded
- Health care powers, medical directives, HIPAA release, financial powers
- LIFETIMEIncluded
- LEGACYIncluded
- Review title and beneficiaries
- LIFETIMEIncluded
- LEGACYIncluded
- Review existing wills, living trust
- LIFETIMEHigh
- LEGACYHigh
- Review of existing trusts created by others for your benefit
- LIFETIMEMedium
- LEGACYHigh
- Review drafts of revised wills, living trust
- LIFETIMEMedium
- LEGACYHigh
- Annual gifts to family
- LIFETIMEIncluded
- LEGACYIncluded
- Funding child's future home purchase
- LIFETIMEMedium
- LEGACYHigh
- Charitable giving
- LIFETIMEMedium(QCD, insurance)
- LEGACYHigh(CRT, foundation)
- Estate design and illustrations
- LIFETIMEMedium
- LEGACYHigh
- Estate tax strategy advice
- LIFETIMEMedium
- LEGACYHigh
- Irrevocable trust design & Illustrations
- LIFETIMEILIT only
- LEGACYAll types(GRAT, SLAT, DGT, QPRT)
- Income tax elections
- LIFETIMEIncluded
- LEGACYIncluded
- Withdrawal maximization / minimization
- LIFETIMEIncluded
- LEGACYIncluded
- State income tax reduction advice
- LIFETIMENot included
- LEGACYIncluded
- Rule against perpetuities
- LIFETIMENot included
- LEGACYIncluded