THE O'KEEFE
Legacy Plan
Throughout your working years, the process of planning and saving your hard earned money is not always easy. We understand how much effort it takes to situate yourself comfortably in the later years of life, so it is only right that you consider leaving a legacy to your loved ones without the experience causing you headaches which are often the case. Family Legacy Planning in Ocean Springs is important when protecting your most valuable assets, and we have strategies to help you do so, as well as leave a lasting mark on those to come long after you've passed on.
Conflicts may happen between family members when planning to leave a legacy, especially true if you have been remarried or if you have children from a previous or current marriage. Our Family Legacy Plans in Ocean Springs have a combination of different methods set in place to avoid these conflicts, providing asset and wealth managing services accordingly as you see fit.
Inheritance conflicts are inevitable but can prevented. Your focus on generational communication is crucial to prevent any conflicts from occurring after you are gone. Careful planning from one of our local financial experts in Ocean Springs for your family legacy plan and being clear about your last wishes will help in protecting your most valuable legacy.
We help you and your family share your unique story with current and future generations.
The O'Keefe Legacy Plan consists of different elements, each of which helps build a solid foundation.
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Family story and spiritual- or faith-based position
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Family’s relational assets (virtues and values)
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Making it clear who will receive what. This list should be written and signed by you.
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When it comes to distribution of special assets, the family should gather around and each member should have a say on it. This applies to issues such as the family business or the care of minor children.
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Minimize joint ownership.
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Arrange funeral expenses and plans in advance and appoint a fiduciary you know very well who will carry our your intended last wishes.
Plan
Coaching you and your family through The O'Keefe Legacy Plan, one step at a time. The Legacy Plan consists of four steps:
Uncovering
Exploring the family story, philosophy, and spiritual position; establishing a family mission statement; and verifying the current estate plan
Empowerment
Linking virtues, values, and principles; promoting joys through generosity; and creating a new financial platform to pass down to the next generation.
Implementation
Linking vision to goals/strategies, aligning family members, and identifying financial administrative needs to implement your newly created legacy plan.
Administration
Monitoring family governance and financials, updating the legacy plan, and exercising the teaching of virtues, values, and principles
Helping you train your family on how to promote values for years to come.
Talk with our experts here in Ocean Springs about the variety of wealth managing services available to you as you embark on your path:
Advocacy ~ A group of advisors from a wide assortment of specialty areas are available to guide you
Harvest the Rewards and Keep It Going ~ When your Ocean Springs family legacy plan is operational, you get to experience the appreciation and gratitude generated by those it helps. Then, this step invites you to engage in succession planning so you can transition operations smoothly to others, and step away without disconnecting – knowing your legacy will live on for generations.
Build the Bridge ~ Depending on where you are you may have to redefine other aspects in your life as you move into where you’re going with your project. This is best accomplished by undertaking a legacy full life plan to design your ideal life that takes into consideration what’s most important to you in the following areas Vocation, Health, Finances & Estate, Leisure, Family, Friends, Personal Development, and Community Service.
Education
Process