Impersonation Mode
Charting Your Financial Course

After years of hard work and sacrifice, you may be at the point in your life where you have accumulated a significant amount of wealth. Although you would like to pass your estate on to your family, the reality is that, without proper planning, you may end up giving a significant portion of your hard-earned assets to the government in the form of transfer taxes. To ensure you pass as much of your estate as possible to your heirs, it is important to spend some time planning for the conservation and distribution of your wealth.

Do you want to:

  • Create a legacy for future generations?
  • Have a business that you would like to keep in your family?
  • Be remembered for your philanthropy?
  • Have specific assets to transfer? 
  • Reduce the impact of estate taxes?
  • Minimize family acrimony?


Professional Guidance

Designing the financial element of your legacy plan requires the expertise of your financial representative or life insurance producer, as well as a trust and estate attorney. They will help you decide how much to leave behind, to which beneficiaries, and what techniques are to be used. If these concerns are not properly addressed, your legacy may not have maximum impact.

Remember that determining what works for your situation is a personal choice. Having an in-depth conversation with your financial and legal representative, as well as your life insurance producer, can help you understand the many options available and decide what type of legacy you wish to provide.

Additional Resources
Part of your legacy planning should involve an Estate Plan. Learn more about an Estate Plan and products that support it. Additionally, these tools can help you get started on preparing your financial legacy.


    Documents to Review     Tools To Use  
    Estate Planning Using Life Insurance     Estate Tax Calculator  
    Framing Your Legacy     How Much Insurance Do I Need?  
    Managing Your Beneficiaries' Inheritances
    Taking Minimum Distributions While Preserving a Legacy  
    What The Wealthiest Families Know: 2013 & Beyond        



This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its affiliates, their distributors and respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company.

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