Critical Element of the Week: Legacy Planning
This Week’s Focus: Understanding Taxes and Transfers in Estate Planning
Elements in Focus – October 24, 2025
Presented by: Daren Hardesty, CFP® and Aaron Rheaume, CKA®
In this week’s discussion, Daren and Aaron explore the often-misunderstood world of estate and inheritance taxes—and what really happens when assets transfer to the next generation. They walk through common concerns, clarify misconceptions, and highlight key planning opportunities to help families make confident, informed decisions about their legacies. Topics include:
-Understanding estate tax thresholds and who they actually impact
-How inheritance taxes differ from state to state
-What the “step-up in cost basis” means for inherited property and investments
-Why IRAs and other qualified accounts can create unexpected tax obligations
-Strategies like Roth conversions to improve tax efficiency for future generations
-The importance of reviewing beneficiary designations and keeping documents current
Legacy planning isn’t just about wealth—it’s about intention. Daren and Aaron explain how proactive planning today can reduce confusion, minimize taxes, and ensure your wishes are carried out tomorrow.
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