Legacy Planning for 2025: Preserving Your Wealth and Values Across Generations

As we approach 2025, legacy planning continues to be a cornerstone of financial stability for high-net-worth families. More than just preserving wealth, it’s about your values and vision enduring across generations. At Omnivest Financial, we specialize in crafting personalized strategies to help you meet these goals while navigating the complexities of tax and estate planning.

Reflecting on 2024: What We Learned About Wealth Preservation

The past year offered important lessons about the value of proactive financial management. In an environment shaped by market fluctuations and evolving tax laws, many families discovered the benefits of forward-looking strategies.

Key Insights From 2024

• Tax Optimization: Techniques such as bunching charitable contributions, leveraging retirement accounts, and maximizing deductions have saved our clients thousands in taxes.
• Estate Structuring: Clients who adapted their plans to legislative updates were better positioned to minimize estate taxes and shield their heirs.
• Family Engagement: Early involvement of inheritors in the planning process proved invaluable for facilitating seamless transitions.

Real-World Example:
“One Omnivest client, a business owner planning retirement, used a combination of charitable trusts and family meetings to align his wealth strategy with his philanthropic goals. The result? A tax-efficient legacy plan that empowered the next generation while supporting causes close to his heart.”

What’s New in 2025: Tax and Estate Planning Updates

The landscape of tax and estate planning continues to shift, bringing both challenges and opportunities:

• Tax Code Adjustments: With new thresholds for estate and gift taxes, affluent families must revisit existing strategies for compliance and tax efficiency.
• Trust Updates: Enhanced opportunities for grantor and irrevocable trusts can provide a tax-advantaged way to transfer wealth.
• Cross-Border Planning: Families with assets in multiple states or countries face increasing complexity in estate and tax laws, underscoring the importance of a coordinated approach.

Omnivest stays ahead of these changes, providing our clients with strategies that adapt to new regulations without losing sight of their goals.

Setting Multi-Generational Wealth Goals

A successful legacy plan isn’t just about transferring assets—it’s about transferring purpose. By setting clear goals and engaging family members, you can feel confident that your wealth reflects your ambitions and values.

1. Engaging the Next Generation

• Educate and Empower: Teach your heirs the fundamentals of financial management. Consider family retreats or workshops tailored to your needs.
• Incorporate Transparency: Open discussions about the family’s vision for wealth often prevent conflicts and encourage collaboration.
• Create Structured Plans: Establish clear guidelines for distributions and roles, perhaps through a family charter or governance structure.

2. Preserving Your Legacy

• Diversify Investments: Reduce risk with a well-rounded portfolio that accounts for market volatility.
• Leverage Philanthropy: Use tools like donor-advised funds to align charitable giving with tax strategies.
• Reassess Estate Tools: Confirm wills, trusts, and other instruments align with current laws and family objectives.

Real-World Tip:
“We often encourage clients to start small by involving heirs in philanthropy. This not only fosters a sense of purpose but also provides a low-stakes way for younger generations to learn about financial stewardship.”

Preserving Family Values Through Financial Planning

True wealth isn’t just measured in dollars—it’s in the values and vision you pass on. Integrating family values into your financial plan creates a legacy that lasts far beyond your lifetime.

How to Build a Values-Based Legacy

• Focus on Philanthropy: Establish a foundation or trust that supports causes important to your family.
• Document Your Vision: Record your goals and family history to inspire future generations.
• Encourage Stewardship: Give inheritors the tools to manage wealth responsibly, creating a cycle of generational success.

A Legacy That Lasts

At Omnivest Financial, we understand that legacy planning is about more than numbers. It’s about the relationships you’ve built, the values you hold dear, and the future you want for your loved ones.

Let’s make 2025 the year your legacy plan reaches new heights. Schedule a consultation to explore strategies that safeguard your wealth and values for generations to come.

To schedule a meeting, call (307) 337-1223, email reid.rasner@lpl.com, or get started online.

About Reid

Reid Rasner is the CEO and Founder of Omnivest Financial, a premier wealth management firm dedicated to guiding high-net-worth clients through complex financial decisions. With a focus on legacy planning, Reid brings his extensive experience and insight into serving affluent individuals, families, and businesses, offering them clarity and confidence on their financial journeys. Inspired by managing his own family’s wealth, Reid saw the need for a proactive, transparent approach to wealth management, which led him to create Omnivest Financial. 

Reid obtained a bachelor’s degree in English with a minor in history from the University of Wyoming and is also a 2024 Republican U.S. Senate candidate from Wyoming, where he champions economic growth and stability. Outside of work, he actively supports his community through the Shrine, guided by the motto “helping kids and having fun.” He also enjoys weekend road trips and time with family, staying grounded and energized for his work with clients and his advocacy for conservative values. To learn more about Reid, connect with him on LinkedIn.

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.