A big portion of estate planning is dedicated to leaving assets to loved ones, figuring out the applicable tax laws, and other various legal documents. While those things are important, another important aspect of estate planning is leaving behind a personal legacy letter for your loved ones. This gives a person the opportunity to tell loved ones the things they wished they could say to them, pass on life lessons, or simply tell a story. The letter does not have to be a physical letter, but could also be a video or audio recording. These letters could be very meaningful to loved ones that a person leaves behind.
See Janet Brewer, “Personal Legacy Letters: Estate Planning from the Heart,” JD Supra Business Advisor (Nov. 13, 2014).
Posted by Aryane Garansi, Associate Editor, Wealth Strategies Journal