What is Legacy Planning & Why Do We Need This?

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Folks “of a certain age” often awaken to the desire for knowing their life has had a positive impact upon their world. Have I lived a purposeful life? How has that purpose been fulfilled? 

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As one becomes more aware of one’s mortality, issues of continuity arise. How will my life count in the flow of generations? How will I be remembered? How have I contributed?  How can I share what I have learned with those that follow me? What can I do to leave the planet in a better place than when I arrived?

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Legacy Planning helps you answer those personal questions.

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Legacy Planning also addresses the issues of wealth preservation. It begins with identifying often unrecognized wealth in families—human capital.

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When you work with Karen Calcagno and AdvantageFBC, you will ask and find answers:

• Who are we as family?

• What do we value?

• What is our purpose as a family?

• What are the strengths, skills and knowledge in our family group?

• What can we count on from each other—especially when the chips are down?
   

Legacy Planning further focuses on managing and preserving financial wealth for now and future generations.

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This includes Estate Planning Strategies:

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• What impact will wealth have on this and succeeding generations? (It doesn’t have to be a lot of money to have big—and sometimes negative—impact)

• What actions can we take to have the most positive outcome?

• Financial education for all interested family members

• Considering how present child rearing practices can prepare the younger generation for wise stewardship

• Making sure appropriate paper work is in place 

• Putting together Plan B emergency plans for business and home

• A focus on how to keep this Legacy alive in the family in coming years

 

Legacy Planning provides a structure to help families get clarity about these and other questions. 

AFBC  Facilitated Family Meetings create a safe space to explore difficult topics.

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Advantage Family Business Center guides the family through the process. Family members co-create action plans for the family and for the business. AFBC will remain as advisor, guide and facilitator as long as needed.