James had spent his life building something meaningful. A successful family business, a strong financial foundation, and a commitment to philanthropy. But when he passed, his children found themselves unsure of what he truly wanted.
A legacy is more than just wealth—it’s the values, stories, and impact you leave behind. Here’s how you can ensure your legacy lasts for generations.
1. Preserve Your Family’s History
Stories get lost over time. Writing down your memories or recording video messages for future generations keeps your values alive.
2. Use a Trust to Protect Multi-Generational Wealth
A well-structured trust ensures your assets last beyond one generation. Without a trust, 70% of wealth is lost by the second generation and 90% by the third.
3. Incorporate Charitable Giving
Leaving a portion of your estate to charity keeps your impact going. A charitable trust or donor-advised fund can make giving seamless.
4. Create a Business Succession Plan
If you own a business, failing to plan can cause disruptions, conflicts, and financial loss.
5. Communicate Your Wishes Clearly
James didn’t have clear instructions, which left his children confused. Talking about your estate plan in advance prevents disputes and ensures your wishes are honored.
A lasting legacy starts with planning. Request a consultation with Raulston & Associates today.