At the Alchemia Group we are helping our clients think & act differently in regards to their wealth and its impact on thier family - because we know it is more than just numbers and plans, it's the Balance of Art & Science with Pragmatism and Vision.
Too often the terms Legacy Plan and Estate Plan are used interchangeably. Your Estate Plan is part of the way you bring Your Legacy to life. Let’s start with defining Your Legacy as what someone (and you define who those someones are) will feel, think and say when they hear your name. Ergo, if you have a well-crafted Estate Plan you will be remembered as thoughtful and organized, making an unpleasant time a little easier. The Estate Plan is ‘How’ of Your Legacy. It handles the distribution of your assets to family, friends, charities etc. This distribution plan should further what you hope someone will feel, think and say about you.
The Estate Plan is only part of Your Legacy. You are creating Your Legacy everyday by how you act and speak. So before you rush to take advantage of the latest idea presented by an advisor ask the question “How does this assist in the creation of My Legacy?”
Take a minute and think about your current Estate Plan. How does it reflect Your Legacy?