Jackson, TN Launches Free Legacy Planning Program to Help Increase Asset Protection and Intergenerational Wealth

Jackson, TN Launches Free Legacy Planning Program to Help Increase Asset Protection and Intergenerational Wealth
The Greater Jackson Financial Empowerment Center to offer one-on-one legacy planning support to help residents retain wealth by protecting and preserving assets, with support from Cities for Financial Empowerment Fund

JACKSON, Tenn. – Today, the City of Jackson in partnership with the national nonprofit Cities for Financial Empowerment Fund (CFE Fund) announced that free legacy planning services are now available through the The Greater Jackson Financial Empowerment Center. This one-on-one financial counseling program offers residents access to help with legacy planning and taking steps to protect their assets at no cost. Sign up for appointments online at https://fecpublic.org/portal-jackson or call 731-891-3355. 

Research shows that the vast majority of Americans own at least one asset – a bank account, a 401K, or a home – that is valuable today and likely to appreciate, but few have taken the steps necessary to secure those assets. Nearly 70 percent of Americans do not have a will or a broader legacy or estate plan. By increasing access to information about topics like adding beneficiaries to accounts and creating essential documents such as wills and powers of attorney, this program will help people in America protect their assets for the future. 

“Jackson is proud to lead the way in expanding financial empowerment across our region,” said Mayor Scott Conger. “With free legacy planning now offered through the Greater Jackson Financial Empowerment Center, families here and in surrounding communities can take steps to protect their future. This is about dignity, opportunity, and building lasting financial security for generations to come.” 

“The Greater Jackson Financial Empowerment Center counselors work hard to help clients build assets. With the addition of legacy planning services, counselors also can help Jacksonians and greater Jackson area residents protect and preserve those assets for future generations”, said Jonathan Mintz, President and CEO of the Cities for Financial Empowerment Fund. “We are thrilled to partner with The City of Jackson and Mayor Scott Conger to provide these crucial services and ensure that legacy planning is available for everyone.” 

The Greater Jackson Financial Empowerment Center is one of dozens of cities and counties nationwide offering free financial counseling services through the FEC initiative. At FECs, professionally trained counselors provide one-on-one guidance to help individuals and families with low and moderate incomes manage their finances, pay down debt, increase savings, establish and build credit, access safe and affordable mainstream banking products – and now, protect and preserve their assets. 

FECs have served more than 200,000 clients nationwide. Collectively, they have helped residents reduce over $344 million in debt and grow their families’ savings by nearly $70 million. Since opening in 2022, the Greater Jackson FEC has supported more than 400 clients, helping them reduce $-957,335 in debt and build $285,510 in savings. 

About the Cities for Financial Empowerment Fund (CFE Fund) 

The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund is currently working in over 145 cities and counties, and has disbursed over $70 million to local governments and their partners to support these efforts. For more information, please visit www.cfefund.org or follow us on Bluesky at @cfefund.bsky.social; learn more about the FEC Public initiative at www.fecpublic.org. 

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