Legacy Planning: Handing Down Values as Well as Wealth


How can you help your heirs sustain what you’ve created?

Your wealth has meaning. It should be conveyed to your heirs or your favorite causes in a
way that expresses your values. Through legacy planning, that objective can be realized.

Legacy planning encompasses more than the transfer of assets. It is about how you
want to be remembered by your heirs, your colleagues, and your community. It concerns the
positive effect your wealth can have on future generations—and the world.

Multiple generations should work on a legacy plan. Involving your children and
grandchildren strengthens the commitment.

What goes into a legacy plan? Besides estate planning basics, it can include an ethical will,
in which you explain your beliefs and give life lessons to your heirs. It can provide instructions
for the preservation of family history documents and digital assets. It may integrate a family
business succession plan, an education fund, or a foundation to gift charities and other nonprofit

Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Barnes Capital Group, a Registered Investment Advisor. Barnes Capital Group is a separate entity from LPL Financial.

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