Statement about Legacy

In the context of estate planning, legacy is some tangible or intangible asset left behind to a descendant or other beneficiary, known as a bequest. If the decedent had a will or trust, he or she would have identified the specific beneficiaries for each item or asset. If the decedent did not have a will, the laws of the state would decide who receives the asset, regardless of family circumstances, the testator's values or intentions or need.

Legacy is more than tangible property, bank accounts or property, it is your character, your values, your traditions and the impact that you leave behind. Legacy is something every one is actively building whether they realize it or not. The question is not whether you have a legacy, rather, are you building your legacy intentionally or is it happening by default?

Estate planning is not just for the wealthy; it is a crucial process for anyone who wants to define their values, steward their assets and lead the generations that follow. Your legacy will ultimately have the greatest impact when it is stewarded well, that is planned and managed with reflection and intentionality, realizing that it truly all belongs to the Lord. Psalm 24:1 says "the earth is the LORD’s, and everything in it, the world, and all who live in it."

Whether you read this in anticipation of securing your future, that of your children, grandchildren, or your favorite non-profit organization, stewardship involves planning, managing and protecting. Everything we have been given or worked for will be given away at some point, during life or after death. If we plan purposefully, that wealth can multiple to impact a world well beyond us.

Take time reflect on what you have been given and how you will choose to steward it.