Unfortunately, many people overlook this very important personal dimension of legacy and end up with an estate plan that distributes their assets, but doesn’t truly reflect the richness of their lives. Most of us need help in connecting our life to our legacy in a meaningful way. How does this happen?

We ask people to begin defining their personal legacy with an examination of their life story. What people and events have shaped your life? What values have you lived by? Which values do you want to promote through your life and legacy? How do you want to attach your heirs’ inheritance to your values? What causes do you care about most deeply? How do you want people to remember you?

Articulating the answers to these questions often requires deep reflection. As we have guided individuals through this process, we have seen this become a rich and satisfying experience. As you tell your story and identify the values that bring meaning and purpose to your life, you’re likely to become excited about the possibilities that emerge. The creation of a personal mission statement adds texture and life to your legacy and often leads one to realize their own “more that matters.” 

When you recognize the personal dimension of legacy, it impacts far more than your estate plans. It often changes how you live your life from that time forward. People become more personally involved in the causes and organizations that reflect their values. They affirm the purpose of their lives and better understand how to attach their wealth to that purpose.  

The financial and personal dimensions of legacy complement each other. But a true and complete legacy includes a social dimension as well. I’ll talk about this third dimension of legacy in my next post.

Peace,

Ron