Your legacy is not only the assets you leave behind to help your children financially. A legacy is the values you hold dear mattering to the ones you love because of you. Passing on words of wisdom and providing guidance to loved ones can help ease the sorrow of your death. A good estate plan provides this by including language explaining your values and words your children can remember you by.
Protecting both your assets and values can be accomplished with a good estate plan. It takes your assets and allows them to help your children, no matter what decisions they make. A well drafted Estate Plan will help and rebuild your children’s lives when disaster strikes. You can infuse your estate plan with descriptions of your assets. Then describe how to use the assets to assist your children during their lifetime.
After you are gone, the mixture of your wisdom and assets in the Estate Plan can provide help and security for your children. As parents, you want to protect your children. A good estate plan doesn’t just protect them financially, it also protects them emotionally. It allows you to leave your legacy with personalization of wording and extending your values to your children.