When you’re looking to protect your personal wealth, secure your business’s future, or craft a legacy that endures, the advisory team at Innovative Legacy Solutions (ILS) in Baxter, Minnesota offers a thoughtful, comprehensive approach. This post serves as a reference overview—no heavy sales tone—so you can learn about the firm’s services, how they approach planning, what to look for in a strong partner, and key considerations whether you’re an individual, family, or business owner.

What Innovative Legacy Solutions Offers

Based on publicly available information, here’s how ILS positions itself and the key services they provide:

1. Individual Solutions

For individuals and families, ILS lists services such as health & ancillary insurance, life insurance, wealth preservation, estate planning, tax-diversification planning, Medicare solutions, and home/auto insurance.
In other words: they offer both traditional insurance/asset-protection services and more advanced legacy planning.

2. Legacy Solutions

Under this category, they highlight tax-free retirement planning, estate planning & preservation, annuities, “Kaizen premium funding”, premium financing.
The focus is on preserving wealth, minimizing tax burdens, and structuring transfer of assets or business interests over time.

3. Business Solutions

For business-owners and employers, ILS offers: employee benefits design and servicing, key-person and “golden handcuff” programs, business succession planning, business insurance, buy-sell agreements.
This means they aim to support both the personal/household side and the enterprise side of wealth and legacy planning.

4. Local Presence & Process

ILS is located in Baxter, MN (7153 Forthun Rd #130, Baxter, MN) and serves Minnesota-based clients.
Their process is described in four steps: Listen → Collaborate → Review → Ongoing Support.

Why Their Approach Matters in Minnesota

Several factors make selecting a firm like ILS meaningful, specifically in a Minnesota context:

• State-specific laws & tax rules. Estate, succession and wealth-transfer planning are not one-size-fits-all; local expertise helps. ILS emphasizes this local insight.
• Business-owner transitions & family legacies. In regions where family-run enterprises, farms or multi-generational assets are common, succession planning and legacy structuring are especially relevant. ILS addresses these.
• Tax efficiency & retirement planning. With shifting retirement planning landscapes (taxes, markets, life expectancy), their emphasis on tax-efficient tools matters.
• Holistic service. Since they offer both individual and business solutions, they can potentially coordinate across different spheres of your financial life (insurance, business exit, personal estate).

How a Typical Planning Engagement Might Look

Here’s a high-level workflow you might expect when working with a firm like ILS:

1. Initial consultation / discovery. You meet with the advisor to discuss goals, current assets, business or employment status, family structure, risk tolerance, and what you hope your legacy will look like.
2. Needs assessment & solution design. Based on what you disclose, they research and propose tailored strategies—this could involve insurance vehicles, retirement income planning, business succession structures, estate documents, tax-diversification tactics.
3. Review & implementation. They review recommendations with you, adapt based on feedback, and move toward implementation (e.g., establishing trusts, funding life insurance, preparing buy-sell agreements, setting up benefit packages).
4. Ongoing support / monitoring. Life and business change; good firms stay engaged. ILS emphasizes ongoing support.
5. Revisit & adjust. Periodic review ensures the strategies remain aligned with your evolving goals and environment.

How to Evaluate a Legacy & Wealth-Planning Firm

When comparing providers like ILS (or considering them), key criteria to ask or check include:

• Credentials & experience. How long have they been doing this? What backgrounds do the advisors have? ILS notes decades of combined experience across their leadership. Resource
• Breadth of services. Do they only provide one piece (e.g., insurance) or do they cover business, personal, tax, and estate dimensions? ILS covers all these.
• Customization & transparency. Are the solutions tailored, explained clearly, and flexible? Is the process transparent?
• Local/regional expertise. For estate and business succession in particular, knowing state law and regional norms is a big advantage. ILS is Minnesota-based and emphasizes that.
• Communication & ongoing service. Does their scope include follow-up, monitoring, and adjustments over time?
• Clarity about fees and value. How are they compensated? Is there clarity on costs vs value?
• References & reputation. What do other clients say? What’s their track record?
• Avoiding pushy sales. You ideally want advice rather than overly aggressive sales of products that may not fit.

Key Considerations for You (as Individual, Family or Business Owner)

• Define your goals first. Are you primarily worried about personal retirement income? Transferring a business to family? Minimizing estate tax? Clarifying your aim helps the advisor tailor solutions.
• Gather your data. Financial statements, business valuations (if applicable), current estate documents, insurance coverage, benefit plans—having a clear baseline helps.
• Understand the tools. When tax-free retirement, premium financing, annuities, buy-sell agreements, etc., come into play—these are sophisticated structures. Ask for plain-language explanations, risks, costs, and how they align with your objectives.
• Plan across generations. If you have children or successors, consider how your legacy planning addresses their needs, involvement, and the continuity of values/business.
• Business succession is complex. If you own a business, the stakes are high: leadership transitions, value transfer, key-person risk, employee retention—all need thoughtful coordination.
• Estate planning equals more than wills. It often involves trusts, funding strategies, contingency planning, and coordination with tax and legal advisors.
• Make it sustainable. A good plan is not static—it adapts as tax laws, financial markets and personal situations change.
• Align cost and benefit. Sophisticated plans can cost more; ensure you see the value and that it aligns with your capacity and priorities.