Your legacy is putting your stamp on the future. It’s a way to make some meaning of your existence: “Yes, world of the future, I was here. Here’s my contribution, here’s why I hope my life mattered.”
Sometimes it can be easy to see the trees, but miss the forest. This is true when it comes to planning for your estate.
You can get mired in the tax laws, the tricks and the tools, and even some petty family squabbling. Then again, there are those planners who find direction in an old axiom: “Don’t just leave an estate. Leave a legacy.”
An estate is just so much stuff, figuratively or literally. However, a legacy is so much more. Whether a beloved memory or even a contribution to those around you. Usually, we seek to leave behind an estate for the good of our family, and we work to protect this gift from what problems may lie in wait.
When you are considering this notion of your “legacy,” take time to think through what you are trying to achieve.
So how do work out your legacy?
Fortunately, a recent article in Forbes titled “4 Smart Ways To Leave A Legacy” can help get you started.
Certainly, there is no one way to leave a legacy, or even a single way to guarantee it.
In the end, it is your call when it comes to the legacy you wish to leave.
Reference: Forbes (August 1, 2013) “4 Smart Ways To Leave A Legacy”