To some, the word “legacy” conjures visions of a university library or hospital wing with a family name like Morgan or Rockefeller. To others, leaving a legacy can be as simple (and meaningful) as documenting their family’s genealogy in a way that celebrates and honours their ancestors. To us, the word legacy is synonymous with GIFT. At its core, Legacy Planning seeks to answer four fundamental questions:
- WHAT are you going to give?
- WHO are you going to give it to?
- WHEN are you going to give it to them?
- HOW are you going to give it to them?
Remember, your legacy includes both tangible and intangible gifts. Tangible gifts are easy to identify – financial and non-financial assets. But don’t forget the intangible gifts – your knowledge, values, and time spent with loved ones hold immeasurable value. They are cherished and shared while you’re still here.
A wise person once said that the most valuable gift you can give to the people who care most about you is to take better care of yourself so you can spend more time with them.
