As you are inventorying your assets and asking yourself how you are going to spread them around after you pass away you may start to consider the totality of your legacy. People who are in a position to do so often times look for ways to make an impact even after they are gone, and this practice is known as legacy planning.
Your reach can extend into the community as a whole after your family has been well provided for, and this can actually go on for generations. Some people start charitable foundations, and these entities are often focused on specific causes that the founder was particularly passionate about. This is an option that you may want to consider.
Of course starting a charitable foundation is not the only way to direct resources toward charitable causes, and you can explore your options in this regard with a good Indianapolis estate planning lawyer.
Other possibilities include things like financing a new wing at a hospital or perhaps building a park for the benefit of the children in a particular neighborhood. Some people contribute to libraries or universities, and the creation of commemorative scholarships are also something to consider.
You can do a lot of good if you plan ahead intelligently with your eye on the big picture. If you would like to discuss your legacy with an expert, simply take a moment to pick up the phone to arrange for a consultation with a dedicated, experienced, and savvy Indianapolis estate planning lawyer.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.