Personal Services

Consulting Services

Legacy works with business owners to coordinate their family legacy, estate and tax, and charitable planning steps.

Family Legacy Planning

Your legacy is about more than the money you pass along. Legacy is multifaceted. We believe that legacy is made up of the values, character, and memories that you share with those around you.

There are three kinds of legacies:

  1. The one you received – good or bad – you had no control over this one.
  2. The one you will pass on – could be good or bad – you do have control over it (by design or by default).
  3. The one you are living out today.

What Legacy are living out today?

Legacy works with business owners to prepare their family members to live out a successful legacy of wisdom and wealth.

Your wealth transfer should include:

  • Emotional Wealth
  • Social Wealth
  • Intellectual Wealth
  • Financial Wealth
  • Spiritual Wealth

Estate and Tax Planning

Estate and tax planning for business owners is crucial to ensuring a smooth and efficient transfer of their business and assets upon their death or incapacity. Here are some key considerations for estate planning for business owners:

Create a Comprehensive Estate Plan

Consider Business Valuation

Minimize Estate

Create a Business Succession Plan

Protect Assets with Trusts

Review and Update Plan Regularly

Establish a Buy-Sell Agreement

Consider Life Insurance

Minimizing estate taxes involves employing various strategies to reduce the taxable value of your estate, allowing you to pass on more of your wealth to your beneficiaries. Here are some common strategies to consider:


Family Limited Partnerships (FLPs)

Utilize the Lifetime Estate and Gift Tax Exemption


Establish Irrevocable

Life Insurance Trusts

5 Steps Every Business Owner Should Consider

  1. Evaluate estate tax liability.
  2. If there is exposure to estate tax, consider valuation discounts for the family business, use of annual gift tax exclusion, and use lifetime exemption.
  3. Consider proper amounts to give to family members that would accelerate their aspirations and giftedness.
  4. Consider gifts to charitable organizations through charitable giving accounts.
  5. Develop plan for governance and managing resources to provide stewardship guidance for multigenerational blessing.

Charitable Giving Planning

Charitable giving is an important part of a business owner’s generosity philosophy. The ideas of generosity and gratitude go together. What you care about, you support.

Key Questions

  1. What causes do you care about?
  2. What types of charitable giving accounts serve your giving goals best?
  3. What are the important estate and tax questions for your giving strategy?

There are several types of charitable giving accounts that individuals and businesses can utilize to facilitate their charitable giving. Some common types include:

Donor-Advised Funds (DAFs)

Charitable Lead Trusts (CLTs)

Private Foundations

Community Foundations

Corporate Foundations

Charitable Remainder Trusts (CRTs)

Employee Giving Programs