W E LC O ME


T A B L E O F C O N T E N T S


FAMILY MATTERS


Smart wealth planning isn’t just about you and your fi nancial needs. It also addresses the long-term needs of your family — both your loved ones living today and future generations. To help your family prepare for the future, your Regions Wealth Advisor


can facilitate a family legacy meeting. This is a comprehensive process designed by Regions Private Wealth Management that covers more than just fi nancials: It brings your family together to discuss shared values and goals and ultimately helps you create an action plan to fulfi ll those goals. Your Wealth Advisor is trained to ask the right questions and keep the conversation positive and constructive — something many families can’t achieve over the dinner table. This issue of Insights explores various ways to help your family


plan better for the future. Our cover story (“5 Lessons for Creating a Family Legacy,” page 8) lays out key steps for ensuring your wealth is passed along effi ciently and effectively. You can read more about the family legacy meeting process mentioned above in Regions’ Perspective (page 11). And Your Business (“Next in Line,” page 12) looks at tax-effi cient strategies for passing along a family-owned business. Don’t postpone key conversations and decisions that will affect


your family’s fi nancial future. Contact your Wealth Advisor about setting up a family legacy meeting, so you can feel confident you will have a plan in place when you need it.


Sincerely,


ANNE D. COPELAND EXECUTIVE VICE PRESIDENT REGIONS PRIVATE WEALTH MANAGEMENT


For continuous coverage, follow us on Twitter @RegionsNews


EDITORS: STEVE DONOHUE, JOYE HEHN, CHRISTINA SMITH


Investment, Insurance and Annuity Products: „ Are Not FDIC-insured „ Are Not Deposits


Wealth Intelligence How the recent bull market stacks up against previous ones; strategies for preparing your portfolio in case of a market downturn; why women outspend men on healthcare; and how to keep your mind fi t as you age. p3


C-Suite All on Board Thinking about joining a nonprofi t’s board? Ask these questions fi rst. p6


Spotlight 70 Is the New 40 Technology expert Sonia Arrison explains how advancements in healthcare could affect longevity, retirement and family. p7


Cover Story 5 Lessons for Creating A Family Legacy Many affl uent families want to ensure they preserve and pass along their wealth effectively, yet many make missteps along the way. We outline fi ve key steps for preparing your legacy and creating a solid foundation for future generations. p8


Regions’ Perspective A Family Legacy Meeting Your Wealth Advisor can facilitate a family legacy meeting that addresses key wealth-planning topics and prepares your family for the future. p11


Your Business Next in Line Business owners planning to keep their business family-owned have several techniques for passing it along tax-effi ciently. p12


Legacy Stepping Up Capital gains taxes are a larger concern for affl uent families today. We look at one key strategy for minimizing capital gains in your estate. p14


Launched! Read more on our new website: regions.com/wealthinsights


SPECIAL CONTRIBUTORS: PHILLIP FURLONG, TERISA HEINE, BILL NEWBURN, CAMERON SIMMONS, JERRY WHITE


„ Are Not Bank Guaranteed „ May Lose Value „ Are Not Insured by Any Federal Government Agency „ Are Not a Condition of Any Banking Activity


This information is general in nature, is provided for educational purposes only, and should not be interpreted as accounting, fi nancial planning, investment, legal or tax advice or relied on for any decisions you may make. Regions encourages you to consult a professional for advice applicable to your specifi c situation. Although based upon information from sources believed to be reliable and accurate, Regions makes no representation or warranties with respect to the information contained herein. Opinions of authors and contributors are their own and may not refl ect the position of Regions and Regions neither endorses nor guarantees any such advice, opinions, products, or services. Regions neither endorses nor guarantees any websites or companies referenced in this publication that are not owned by Regions.


© 2015 Regions Bank | Equal Housing Lender | Member FDIC | 1-800-826-6933 2 R EG ION S I N S IG H T S  SUMMER 2 0 1 5


COVER PHOTO: VINCO MURKO. FROM THE TOP: LAFLOR; CHRIS GRAMLY; WAVEBREAK; DIMA LAGUNOV


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