Legacy Planning
“SUCCESS is about the life we live. SIGNIFICANCE is about what lives on because of the life we live.
Not all that God wants us to accomplish through our life will be achieved within our life’s span.”
Gary Walter
President
Evangelical Covenant Church
Home
Legacy Planning
What is YOUR Legacy?
Legacy is what you leave or pass down to those who follow you. It has to do with both your values and your valuables.
There are three types of legacy:
- Financial Legacy—money and possessions
- Social Legacy—the impact you make on the world around you
- Personal Legacy—accumulated wisdom, traditions and values
The heirs of your legacy are not just children and family; but society as a whole, charities you support, and the people whose lives you touch.
The pyramids in Egypt (quite a legacy in themselves!) contain between 2.3 and 6.3 million stones apiece and have lasted for over 3,000 years. But even these great monuments were built one stone at a time! It’s the same with legacy and financial planning. While your personal plan may not have as many stones as the pyramids, each element is important and contributes to the whole.
Your plan centers around your financial goals and objectives, for both now and the future. You should consider short-term, mid-term and long-term needs, and make plans that take unexpected contingencies into account. Each life stage has its own financial planning concerns.
So what are some of the ‘stones’ that build a complete financial and legacy plan?
Remember, everyone uses different stones and puts them together in different ways. But if the architect and the contractor never get together and actually build something, the plan just gathers dust. Covenant Trust Company® is here to help you put your plans into action. Building your legacy is a life work. It takes careful thought and diligent planning, and is a work-in-progress from beginning to end. Are you ready to get started? Contact Covenant Trust Company or your local Financial Services Representative today! [view Directory]
Related Topics: