7 Keys of Purposeful Legacy Estate Planning
- Focus— An estate planning process that focuses on your, deepest desires, dreams, and purposes thereby becoming robust and engaging.
- Purposes— The trust itself is infused with life and energy by inserting your own words to express the profound human purposes of the trust.
- Name— The name for the trust can be a succinct and powerful expression of your hopes and dreams for the trust and its beneficiaries.
- Guidance— Directions based on the clients’ wisdom and life-lessons and written in your own words can guide the trust to achieve its most important purposes.
- Heirlooms— When a gift of tangible personal property includes your story and the item’s background, it turns an object into a priceless treasure.
- Gratitude— Expressions of appreciation and an attitude of gratitude in givers and receivers can turn transfers into gifts and financial riches into true wealth.
- Principles— Statements of the clients’ guiding bedrock principles can provide pole star and compass in navigating the trust through an unpredictable future.
A Family Leader is someone who sets and describes the vision for the family and the strategy which the family should follow to make the vision a reality. The two of you are the family leaders of your family.
Everyone has the following four types of Assets. Children who receive a liberal dose of Core and Experience Assets will never want for Financial Assets.
- Core
- Values
- Traditions
- Religion
- Talents & Gifts
- Personal relationships
- Unique abilities
- Time
- Ethnic heritage
- Experience
- Education
- Good and not so good happenings
- Reputation
- alliances with others
- Networks
- Skills
- Methods
- Skills
- Ideas
- Traditions
- Financial
- Cash
- Real estate
- Stocks and bonds
- IRA
- Jewelry
- Art
- Contribution to Society
- Taxes
- Charity