You can take estate planning to different levels. Some people will take a bare-bones approach. They arrange for their loved ones to receive inheritances, but they do not go any further than that.
This is better than nothing, but it is also possible to engage in the process of legacy planning. When you consciously craft your legacy, you take steps to make sure that your influence is felt even after you are gone.
There are various different ways that you can make your mark on the earth a lasting one. Different people have different capabilities, but everyone can leave behind a suitable legacy.
When it comes to your family, you can make sure that your formative experiences are recorded so that younger family members can draw from your acquired wisdom. This can be done through the authoring of personal memoirs, but you could alternately write a full-blown autobiography if you are so inclined.
Family heirlooms are very meaningful, and they represent the family members that have come before you. You can decide on the appropriate inheritor for each item that is in your possession, and your family legacy can live on in the form of these items.
Your legacy plan can also include the authoring of an ethical will. People sometimes look toward their elders for guidance during difficult times, and you will not be around to provide it at some point in time. However, you can leave behind your spiritual and moral values in your ethical will.
Education is very important for younger people. When you are engaged in your legacy planning efforts, you could set aside resources that provide educational opportunities for your younger family members.
Charitable giving is another possibility. If you leave behind a legacy of generosity, you will always be remembered for your selfless nature. You could consider the creation of a private foundation if you have the resources, but there are other ways to contribute to worthy causes and organizations.
Legacy Planning Special Report
There are some profound differences between basic estate planning and legacy planning. If you would like to learn more about them, download our comprehensive special report. This report will expand on the ideas that we have presented in this blog post.
The special report is free to our readers, and you can obtain access through this website.
To get your copy of the report, visit this page and follow the simple instructions: Free Report on Legacy Planning.
Discuss Things With an Attorney
If you have specific legacy objectives, we can help you make your wishes come to fruition. Our firm offers free consultations to people in and around Bucks County, and you can send us a message through our contact page to set up an appointment: Southampton PA Estate Planning Attorneys.
To learn more, please download our free Pennsylvania Legacy Planning here.
Marianne Flood, Estate Planning Attorney
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