Most people will contemplate this question at least one time across their lives; what do I want to be remembered for? What words do I hope are spoken about me after I pass away? What is the impact that I'll have with the footprint I will leave behind on the Earth?
This is where estate planning and lineage planning can help you to articulate your goals. Lineage planning and estate planning are two different concepts. Estate planning refers to plans that assist you during the course of your life with potential incapacity or what will happen to your assets when you pass away. Lineage planning, however, is about bolstering that estate plan with a sense of purpose.
It goes far beyond the physical plans for what will happen to your assets when you pass away, and considers the foresight to successfully articulate your mission and values long into the future. I want to know that I have left behind a sense of purpose that is remembered and cherished by my loved ones and my family members. This also means thinking about charitable giving.
This is an important opponent of lineage planning that can have an impact on your estate and your heart. Passing on to the causes that are near and dear to you give not just financial benefits but can stretch far beyond that. Consider your charitable giving as a bigger part of your lineage plan by outlining goals and clear strategies with the help of an experienced attorney.
Sit down with our office today to discuss how your lineage plan can factor in the bigger picture.
What’s your lineage?