Your estate is defined as the things that you own, all of your assets and liabilities. These are tangible things, but when your family holds some of the possessions that you leave behind in their hands memories will surface. It is not a stretch to suggest that to your loved ones, these types of memories may be far more valuable than the objects themselves.
As you go through life you raise your children and subsequently pass along some of the wisdom that you have acquired to your grandchildren. You invariably gain a great deal of satisfaction when you see how your experience has benefited them, because we all learn best from our mistakes. When you have the opportunity to steer your loves ones in the right direction because you have personal experience regarding what lies in wait if you go the other way the exchange is all the more meaningful.
It is the things that you give to your family that they carry in their minds and in their hearts that really matter to you in the long run. And the fact is, these are the things that matter the most to them as well. With this in mind, you may want to consider taking the time to write or record your autobiography and make it part of your estate, freely available to future generations.
You don’t have to be the most remarkable person on the surface to have immeasurably valuable memories to share. Some are eminently instructive and universally applicable regardless of the era. Others will provide a connection between the generations that preceded you and those that you will leave behind when you pass on. The sum total will be a rich and lasting gift of self that will hold perpetual value that transcends the impermanent nature of dollars and cents.
Latest posts by Saul Kobrick (see all)
- 529 Plans: Planning for Education with a Tax and Asset Protection Bonus - September 10, 2019
- The Importance of Communicating Your Plans - September 5, 2019
- Planning for the Unexpected - September 3, 2019