Creative Ways to Leave a Legacy with Estate Planning and Wealth Creation
Leaving a Legacy is Important
Leaving a legacy is important because it is the only way to ensure that our lives are remembered. It is the only way to ensure that future generations will know what we did and who we were.
Most people want to leave a legacy, and they want to know that they've created something that will last and be remembered long after they're gone.
But how do we define a legacy? Is it money? Is it the impact you've had on others in your life? What about the memories you've made with your loved ones?
A legacy can be anything you want it to be. It's up to you to decide what's essential and what isn't, and then set yourself on the path toward achieving those goals.
The most important thing a person can do before they die is leave behind something of value. Value be in any form, from an invention or new idea to a book, painting, or sculpture.
The Creative Ways You Can Leave A Lasting Legacy
As people live longer and healthier lives, they can develop a legacy of impact.
One of my favorite legacies is that of experience, instead of giving the gift of money or a new game console. We like to give the gift of traveling to a new location, exchanging conversations with new people, and savoring new foods with my child.
What does travel have to do with legacy?
The gift of experience gives the chance to educate. Traveling comes with a series of steps and stages to explore. Starting with the itinerary and budget to navigating airports and public transportation. We’ve created such a living legacy that we benefit from experiencing it with our loved ones, and they have the chance to ask questions of us while creating lasting memories.
And most importantly, this is a legacy that will live on because we see our nieces and nephews doing the same for their children.
The gift of experiences helps to influence our family's bonding, that is our legacy.
Your legacy can be anything meaningful to you. Below are some legacy prompts for your estate planning and wealth creation planning.
Creative Legacies:
Write your life story.
Create an audiobook about how to build a business.
Create a video of how you met the love of your life.
Donate your time, skills, money, or items to charity.
Create your manifesto on best negotiation tactics.
Map out your favorite places to visit and why.
Everyday Legacies:
Teaching how to play a musical instrument.
Encourage reading books.
Watch educational videos.
Learn about different cultures.
Teach some of your favorite recipes.
Show your favorite movies.
Give a playlist of meaningful music.
Lasting Legacies:
Leaving behind an art piece for someone else to enjoy, such as paintings or sculptures.
Leaving behind an article or book for someone else to read and learn from.
Leaving behind a song or poem for someone else to listen to and enjoy it.
The list can go on and on. Legacy planning is one of my favorite things to do. There is no end because creativity comes out of what is important to you.
Some people are lucky enough to have a rich family history to pass down to their descendants. However, many people don't have this luxury.
Beginning a new chapter of family history is why so many people have turned to creative ways of leaving a legacy behind in their estate planning and wealth creation. Whether you want to inspire the next generation or just make your own life feel more fulfilling, there are plenty of creative ways to do it!
Let’s get creative in your planning? Click here to work with me.
~Tenicia Moulden
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