Individuals & Families

Dody Legacy Group LLC provides individuals and families with innovative, cutting-edge products and services to help them grow, protect and conserve their wealth through all stages in life. Taking into account your needs, goals and tolerance to risk, we will work with you to bring clarity to where you’re going and how to get there. Some of our key services are detailed below.

Wealth Management and Retirement Planning

We work with our clients to design and implement a variety of accumulation and retirement income plans, offering insurance products, investment programs ranging from separately managed portfolios of stocks and bonds to mutual funds, and access to third-party wealth management programs. We offer a consistent process to ensure management of investment assets according to your risk tolerances and expected returns investment goals. We then monitor your plan on a continual basis, and adjust and evolve as your needs change.

Estate Planning

A well-engineered estate conservation plan can minimize tax liability and ensure that loved ones are protected. We will work with you and your other advisors to assess the impact of state and federal taxes on your estate and suggest strategies to help minimize those taxes while meeting your personal philosophies and family needs.

Top 10 Estate
Planning Mistakes

1. Not getting around to it. The most common mistake is not getting around to estate planning.

2. Believing the myth that estate planning is only for the very wealthy. Estate planning is important for everyone who is concerned about where their assets will end up upon their demise. Often, when taking the value of a home into account people are surprised to find that their “estates” are larger than they thought.

3. Not reviewing or updating your trust or will. Birth, adoption, divorce, death and other factors may change the beneficiaries in your will or the assets you plan to leave them. Major changes in your family structure and significant changes in assets or in tax legislation all present instances where you may wish to review and update your will.

4. Not using tax planning strategies. There are several ways in which you can minimize or even avoid paying estate taxes. Sit down with your accountant or financial planner to discuss estate tax planning strategies.

5. Failing to provide information regarding assets and documents. Having all of your documents in order is useless if no one can find them. Someone you trust needs to know where your assets and important documents are kept.

6. Leaving everything to your spouse. The government offers an estate tax credit. However, by leaving all your assets to your spouse, you essentially sacrifice their share of this benefit.

7. Not planning for your children. While people typically mull over their assets, they can forget that guardianship of minor children is an important consideration. This entails some careful thought and decision making.

8. Not accounting for jointly owned assets. Many people mistakenly believe that their will dictates where all their assets will go. However, many assets, including bank accounts, retirement plans, real estate, IRAs, and annuities may be consigner. While this may be as intended, it is a mistake not to review all co-owned assets when making up a trust or will.

9. Having life insurance in the name of the insured. Life insurance in the name of the insured can result in the payment of estate tax, which diminishes the value of the policy. By putting the policy into an irrevocable trust, this can be avoided.

10. Not using a gifting plan. The government allows gifting, tax free, of up to $12,000 annually to as many individuals as you choose. Many people with significant estates neglect to use this as means of giving away some of their assets tax-free to family members.

Asset Transfers

There are numerous financial strategies and retirement income plans that can help you accumulate assets for the future, shield your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We can help you figure out what the right course of action is for your specific situation and objectives.

Charitable Planning

Charitable planning allows you to support the organizations and causes that matter to you, while providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.

Investment Management

Managing your wealth requires a clear understanding of your overall investment objectives. Through Eagle Strategies LLC, our comprehensive investment advisory capabilities utilize a disciplined investment approach that looks beyond traditional asset allocation, while addressing important factors such as risk tolerance levels and investment time horizons.

Financial
Planning

We provide personalized financial planning to our clients that is specific to several variables including their income, risk tolerance, values, and family. We work with each client to identify and prioritize their goals, explore options, establish effective strategies, construct and execute a plan, and assess the performance of the plan and make adjustments as needed.

Disability and
Long Term Care

To execute a sound retirement strategy, asset and income protection are a must. Designing a plan that encompasses long term care insurance and disability insurance can create the necessary balance in a portfolio to ensure stability and protection of assets.

401(k) and IRA Rollovers

When you leave a job or retire, you have a decision to make regarding your 401(k) money. While leaving those assets in the former employer’s plan is an option, a rollover should be a strong consideration. We can help you determine the right course of action for you.

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