3 Keys To Fixing Your "Legacy" Problem

With nothing guaranteed right now, you are probably worried about you and your family's physical as well as financial health. The good news is you can start today in gaining the multi-layered education needed of how best to protect your life legacy's work and assets.

1. Have the conversations: Set aside the time and garner the agreements of all parties to sit down. Start your outline of important topics, invite any outside advisers in or keep it private for the first or all meetings. It matters today as nothing is guaranteed for your life or your family's life. We are really living in a fragile world today. The good news is that people are listening more than ever as they work with attorneys, paralegals, notaries and other professional resources in building their wills, writing out their trusts binders and creating step by step plans for various scenarios. If you are not sure how to start these gatherings, talk to at least three consultants and gather information on how they would approach the process from A to Z. Maybe even invite three or more advisers in to the development of your legacy to fill in any missing pieces. Its more than a legal or financial process, there is other substance to and of one's quality of life; there is a tangible and intangible colorful depth of all people in what they hope to give of themselves to others with their talents and vision.


2. Accept the gift of mortality: Realize the vulnerabilities we always have in this global awakening time. You nor I are invincible and many of us want our life to matter: leverage this time and space to figure out what you would like to pass on, what you stand for and what you hope to be lasting about your life's work and contributions. What would you like to be passed on to the next generations, whether it is your lineage or the public at large? When we operate from massive action compared to procrastination, there is an elevated mindset to wrap up any loose ends and do the planning now compared to putting it off another year.

3. Execute on the distinctions: Learn how to protect your assets, how to meet others where they are, how to assign beneficiaries with many different financial accounts, how to navigate the paperwork at various banks, insurance companies and other institutions, how to gather the important documents in one place such as a fire protection box, how to teach the next generations about dedicating a certain percentage to savings and/or retirement, how to volunteer a notarized Certification of Trust to others while holding back other trust meeting minutes in protecting your privacy and how to pass on your work in multiple platforms so it is proactively preserved. There will be 1,000 distinctions - that is what comes with experience.


There is much to learn, even in the vocabulary and buzz words of financial planners, and a basis of even word knowledge is a good place to start.


There is nothing more intimidating than sitting across from some professional who is speaking over your head. Its even worse when they know it. And they know that you know it because you came unprepared.

Now is the time to step forward as a leader, whether you are a senior family member or a NXTGEN who needs to protect your loved ones and your future.

Even if you already have a full time role with your business or industry, financial and emotional preparation can protect what you will consent or not accept when the tough questions come. What you don't know can quickly be decided for you and no one likes to be blind sided, uninformed and lost at sea in an ocean of paperwork.


My call to action for you, dear reader, is to start where you are today with some professionals you know. Maybe you went to school with them and you can meet up for a chat. Or perhaps there are new friends through a social organization, a country club or a bowling team where gathering new information won't feel like a cold call. Just begin to get the ball rolling.

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