This is the 14th exercise in a series designed to walk you through an entire financial plan. The exercise is embedded in an Excel spreadsheet you can download and save for personal use. You can read the backdrop for the exercise HERE, or just jump right in with the instructions given below:
You’re creating a legacy whether you want to or not, and purposing yourself to make that a story filled with meaning isn’t a box to be checked off, but a different way of living. And while your estate and your estate plan is merely a part of the legacy you’ll leave, it’s certainly an important part, and we’ve developed an app to help you do that.
Begin or revisit your personal estate plan by completing the Legacy Plan exercise. Included is an estate checklist to ensure you have the necessary documents updated with the appropriate provisions inside of them. As you work through the process of getting your documents in line with your Personal Principles, develop your survivor guide which should accompany your estate-planning documents to provide additional details of your wishes to those you leave behind. You’ll find this downloadable booklet app by clicking HERE.
Incidentally, my coauthor, Jim Stovall, has changed the way millions of readers, and Lord knows how many moviegoers, understand the word legacy through his book, and subsequent movie, The Ultimate Gift. If you haven’t read it yet, I encourage you to do so. It is a fast, refreshing read that acts as a great launching point for a legacy plan going well beyond the numbers.
For those who are encouraged to take additional steps to ensure they leave a legacy, not just an estate, the themes exhibited in The Ultimate Gift are now available as tools you can find at www.theultimategift.com.
And of course, you can also read more on the topic in the book Jim and I co-authored, The Ultimate Financial Plan.
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I’m a speaker, author, Head of Wealth Management for Triad Financial Advisors. Connect with me on Twitter and LinkedIn.