One of the facets of estate planning is the opportunity to make a difference in the lives of your loved ones and support the causes you most care about. You may also have the ability to leave a legacy after you pass away.
Some things to think about when it comes to legacy planning:
1. Think about charities and causes that are important to you. Describe which ones you would like to support with financial resources before or after you pass away.
2. How would you like to be remembered by your family and friends?
3. Personally imagine some of the ways you can leave a lasting impression. Write down your thoughts.
4. Suppose you had $1 million to give upon your death, how would you allocate this money?
Your thoughts, answers and questions would be the basis of a good discussion with your estate planning attorney to see how an effective estate plan can achieve your objectives and leave a lasting impression.
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