Estate Planning

Planning how to properly protect, preserve, and pass along your estate to your heirs can be one of the most vital components of your overall financial well-being.  Leonard Financial Group can work with you to customize a strategy to meet your long-term goals and needs. Whether you are trying to minimize the impact of taxes or simply guarantee your heirs will receive what you originally planned, we can work with you to ensure your objectives are met.

IRA Legacy Planning
IRA legacy planning is an important planning strategy that can help secure the transfer of your hard-earned retirement savings to family and/or friends upon your passing.  We can show you how to leave a legacy to your children, grandchildren, and great-grandchildren, while potentially minimizing the tax impact. Also, does it make sense to convert from an IRA to a Roth IRA?  Do the long term tax-free growth benefits outweigh the short term tax liabilities?  We have proven strategies to help you determine if converting to a Roth IRA may be beneficial to you and your loved ones. Determining when (or if) you should convert to a Roth IRA is an individual decision based on factors such as your financial situation, age, tax bracket, current investments and alternate sources of retirement income. Your unique circumstances help determine what’s right for you and we can help.

Trusts
There are many types of trusts available to accomplish the many facets of preserving the wealth for your loved ones.  For example, you may need a Family Trust to protect your estate from the cost of probate or to double your estate tax exclusion rate.  It is important to understand how and when a trust can be utilized in a financial plan to help protect and preserve the financial assets from excessive taxation.

Life Insurance
Life insurance can be used to provide your family with the financial security they may need in the event of you or your spouse's passing. Whether you are looking to give your family an immediate source of income or to reconcile your outstanding debt, Leonard Financial Group can assist you in adding a life insurance component to your financial plan.

Charitable Giving
Charitable giving is a gracious act providing the beneficiary a wonderful resource to continue their mission to provide for others.  However, it is also a useful financial tool that may be used to offset potential estate taxes that can rob you, your loved ones and charities from the benefit of your life’s triumph.  Leonard Financial Group can help you integrate a charitable giving strategy into your portfolio, and thus help you potentially minimize your estate and income taxes.

To learn more about our estate planning services or to schedule a complimentary no obligation consultation, please call the Leonard Financial Group toll-free at 1.877.571.7526.

Wealth Preservation
Preserving your wealth from excessive investment risk and cost is critical to the long term viability or your retirement plan.  In most cases, wealth preservation is a conservative investment strategy designed to preserve a lifetime of savings from investment loss.  As you get closer to retirement, you enter what we call the “Red Zone.”  This is a transition period where you should reduce or eliminate risk in your investment portfolio to ensure you never run out of money.  At Leonard Financial Group, we plan to make your money last for the rest of your life. 

To learn more about how a wealth preservation strategy can ensure you never outlive your money or to schedule a complimentary no obligation consultation, please call the Leonard Financial Group toll-free at 1.877.571.7526.

These materials have been independently produced by Leonard Financial Group. Leonard Financial Group ("LFG") is an independent Registered Investment Advisor registered in the State of Florida. LFG utilizes the custodial services of Fidelity Inc. and Scottrade Inc. Neither Fidelity nor Scottrade have created, supplied, licensed, endorsed, or otherwise sanctioned any content on the Leonard Financial Group website.

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