When someone passes away there are two different ways to perceive of the event. You could look at it as something that is totally sad and feel as though the only appropriate response is to mourn. On the other hand, you could choose to celebrate the life of the deceased individual. This would include remembering all of the qualities that made this person special and unique.
When you are planning your estate you may want to ask yourself how you will be remembered and take steps to craft a broader legacy so that you actually have impact even after you are gone. There are a number of different ways to go about doing this.
For example, you could choose to fund a community project that is named after you. This could be a park, a museum wing, or a Little League baseball field. If you have the resources you have a lot of options along these lines, and this is something to consider when you are contemplating your legacy.
There is also the matter of choosing who will receive particular possessions that have a history that you want to convey to the recipient. Meaningful family heirlooms can hold a great deal of sentimental value over the generations and this is something to take into account when you are engaged in legacy planning.
One could also leave behind some written words of wisdom via the execution of an ethical will or the authoring of personal memoirs that could be quite instructive to future generations.
To obtain more detailed information about Indianapolis legacy planning, don’t hesitate to pick up the phone and arrange for an informative consultation with a local estate planning attorney.
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.