Mike and Al unpacks what “legacy” really means - going beyond money to include values, family harmony, and charitable intent. They cover essentials like keeping wills/trusts current, aligning beneficiary designations and account titling, and preparing heirs with clear instructions to avoid probate surprises and conflict. Taxes get practical attention (step-up in basis, Roth vs. traditional inheritances, and when lifetime gifting or donor-advised funds make sense). The takeaway: document your wishes, communicate them early, and coordinate your estate, tax, and beneficiary plans so your legacy is carried out smoothly and intentionally.

<p>Mike and Al unpacks what &ldquo;legacy&rdquo; really means - going beyond money to include values, family harmony, and charitable intent. They cover essentials like keeping wills/trusts current, aligning beneficiary designations and account titling, and preparing heirs with clear instructions to avoid probate surprises and conflict. Taxes get practical attention (step-up in basis, Roth vs. traditional inheritances, and when lifetime gifting or donor-advised funds make sense). The takeaway: document your wishes, communicate them early, and coordinate your estate, tax, and beneficiary plans so your legacy is carried out smoothly and intentionally.</p>