Leaving a will of legacy

The concept of legacy is powerful. Have you taken the time to consider what your legacy is? How will your life and work impact those who follow you? What will you leave behind — beyond your money — when you are gone? How will you be remembered? What will be your lasting influence on your family business or organization and community?

While at first you may be uncomfortable answering these questions, in fact it would be selfish to NOT address your legacy. As a family and business leader you have a responsibility to the next generation to not just protect your assets and ensure a smooth transition of your business, but to transfer your knowledge, life experience and wisdom in a thoughtful and impactful manner.

It's not just about the money
Regardless of the financial assets accumulated by an individual, the legacy left to a family is farther reaching than the money bequeathed to them. In a recent study on legacy conducted by Ken Dychwald, Ph.D., 77% of parents and adult children agreed that the most important issue concerning their inheritance was parents sharing values and life lessons.