[Fredslist] Gotham's Legacy Planning Panel Discussion Recap!

[Rosalia]

We had an incredible Legacy Planning Panel Discussion yesterday!

One of the biggest takeaways? Pre-planning and assembling your team is absolutely essential!

The mission is to simplify decision-making, and it became clear that it’s always best to make decisions while you still have agency—when things are calm, before a need arises.

Key Topics Covered:

We explored the importance of pre-planning vs. pre-funding, estate tax strategies, long-term care planning, succession planning, retirement and major purchase goals, and even funeral planning.

A particularly crucial discussion revolved around advanced directives—and why it’s just as important for your children to complete them once they turn 18!

Expert Advice:

Our Subject Matter Experts emphasized the importance of reviewing your documents periodically. Life changes—your goals, financial situation, and end-of-life preferences may shift, and your plans should reflect those changes. If you’re working with a Financial Advisor, they may even check in with you regularly to help ensure your plans stay up to date.

The Role of Your Planning Team:

Your planning team serves as fiduciaries, acting in your best interest—individually or collaboratively. These professionals provide the tools and documents needed to share with other planning professionals and can even help facilitate communication between them on your behalf.

No Team? Here’s What You Can Do:

Know your options and document your wishes while you have the ability to do so.

Maintain a 6-12 month reserve for expenses.

Don’t skip out on a 401(k)!

Final Thought:

Laws and regulations vary by state, and professionals stay informed on recent legislative changes that might require updates to your plans. 

If you’re ready to start planning for the future or simply want to educate yourself, reach out to our experts:

📌 Andrea Resnick <https://www.gothamnetworking.com/AndreaResnick> – A. Resnick Communications | Funeral Planning
📌 Jonathan London <https://www.gothamnetworking.com/searchKeyword.php?keyword=jonathan+london> – Perkins-London Wealth Advisors | Financial Planning
📌 Keren Birnbaum <https://www.gothamnetworking.com/Keren> – Weiss, Zarett, Brofman Sonneklar & Levy P.C. | Estate Planning



Regards, 

Rosalia Ruberto
Administrative Director
Gotham Networking
rosalia at gothamnetworking.com <mailto:rosalia at gothamnetworking.com>

Let’s connect on LinkedIn HERE! <https://www.linkedin.com/in/rosalia-ruberto-5978438a/>

www.g <https://www.gothamnetworking.com/>othamnetworking.com <https://www.gothamnetworking.com/>
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