You intend to pass along your hard-earned money and property through your estate plan, but what about your wisdom? Ensuring that you successfully pass all of this along may call for a family meeting to discuss your finances, your legacy, and your core principles.
Most families lead busy lives, with many relatives seeing one another face-to-face only at a handful of major holidays throughout the year. The estate planning process is a perfect opportunity to bring everyone together outside of those scheduled occasions—even if a child or grandchild has to attend via video chat.
Working with your estate planning attorney in collaboration with any other advisors you have in
your corner can make this legacy-enriching process seamless and even enjoyable. However,
bringing your family into the conversation is better yet, as they will get to learn new things about
you and share stories and memories of their own. Here are a few topics you may want to
address during your family meeting:
- Your Rich Life Story
You may think it has all been said before, but have you considered recording your personal life
narrative? These recordings will be treasured by your loved ones while you are still here and
long after you have passed away. To customize these recordings, have your family members
ask you about your fondest memories and greatest challenges. You will be creating a sort of
time capsule that contains the uniqueness of your personality and the experiences that shaped
you into the person you are today. Perhaps most importantly, you will be able to share the
valuable lessons you have learned. Your family will be better for it.
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