Legacy planning is really a newer concept in creating a complete estate plan. These important documents are less about the material things in life and instead, are designed for those valuable aspects of a life well-lived, but have no tangible financial value.
Many wonder why this is important. Many of us, when it comes right down to it, remember our family members for who they were, what they stood for and their passion in and for life. We may know of their wealth or absence of wealth, but when we think of them – it’s the heart and soul we remember. Legacy planning allows us to memorialize those really important things. By making it part of your overall estate plan, you’re actually accomplishing a number of things.
First, your estate planning lawyer gets a better idea of who you are and the more we know, the better we are at serving your needs. More importantly, many people are taking the opportunity to memorializing the reasons they made the decisions regarding their wills and heirs. A legacy plan gives you that platform.
Others feel like it’s the golden opportunity to remind generations that follow the meaning of home, family, love, values and faith or religion. You may be a business owner, and if you ever had to make a difficult decision, you can provide your thoughts on how you made your decision based on the ethics of your company, with the hope that future leaders will follow suit.
Finally, many wish to pass down those precious family stories, family recipes, love letters to and from your own great, great grandparents so that your great, great grandchildren might someday find hope and faith in them.
Essex Junction Vermont Legacy Planning Assistance
If legacy planning is something you’ve been considering, we welcome the opportunity to discuss this important element in depth with you. Contact us today to learn more on how easy – and fulfilling – Essex Junction Vermont legacy planning can be.
