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Weekly Legacy Planning Tips

Weekly Legacy Planning Tips

December 18, 2023

Trivia Question❓

What is the term used to describe the process of arranging and managing individual's assets, property, and investments to secure financial stability and ensure a smooth transfer of wealth to future generations?

Answer at the bottom of the newsletter

Quote of the Week

"Legacy is not leaving something for people. It's leaving something in people." - Peter Strople

Interesting Facts

Legacy planning is not just about money and assets. While financial planning is an important part of legacy planning, it also involves considering the values, traditions, and memories you want to pass down to future generations. This includes documenting family stories, creating a family mission statement, and preserving cultural or religious traditions.

Legacy planning extends beyond immediate family. It involves considering how you can contribute to causes or organizations that are meaningful to you. This can involve charitable giving or setting up a foundation or trust to support causes you care about, ensuring your legacy has a positive impact on society.

Legacy planning can help foster family harmony. Engaging the entire family in legacy planning discussions can create a sense of unity and understanding. By involving loved ones in the process, you can address potential conflicts, clarify expectations, and ensure that everyone's voice is heard. This can lead to stronger family bonds and a smoother transition of assets and values in the future.

Tip Of The Week

Set up a "legacy box" as a fun and organized way to leave behind important documents and sentimental items for your loved ones.

Decorate a box and fill it with copies of your will, financial information, passwords, and any other information your loved ones might need after you're gone.

Add photos, letters, or small sentimental items to pass on memories and a personal touch.

This will not only provide peace of mind but also help your loved ones navigate through the process of settling your affairs in an easier and more organized manner.

You need a Laugh

Why did the scarecrow attend a legacy planning seminar?

Because he wanted to learn how to preserve his straw-tune for future generations!

You Are Invited!

Stan Miller is a nationally recognized estate planning attorney, a #1 Amazon best-selling author, the co-host of the Your Life Your Legacy podcast, and one of the cofounders of Wealth Counsel, the largest estate planning software program used by estate attorneys.

Join us live and discover:

The questions you should be asking older generation family members.

The conversations you should be having before it's too late.

And a whole lot more!

Join us Grow, Preserve, and Protect your Legacy!