There are many ways to think of legacy planning.
One aspect is that legacy planning “estate planning for people who have a story to tell.” It involves capturing and passing on family stories, wisdom earned from life experiences, values, hopes and treasured personal possessions. That deeper knowledge of life’s goals can impact the entire estate plan in profound ways.
Legacy planning also requires that we take into account the bedrock principle that “People Are Different.” Estate planning documents should be tailored to the specific goals and specific needs of each client’s family. The right document can’t come out of a form book or a lawyer’s computer – it can only come from a conversation in which the client is acknowledged as the expert on the most important parts of the plan.