When you think about those loved ones who’ve passed away, you probably don’t think very much—or even at all—about the “things” they’ve left you. And when they do leave something behind, what you likely cherish most about the object are the memories and feelings it evokes, not the thing itself.
For one of BC Counselors’ partners, Spencer S. Chaffin, the most treasured memento he has in his possession was not given directly to him. His grandfather passed away when Spencer was only 9 years old. His grandfather’s wedding band was passed down to his father.
When Spencer became engaged to his wife, Mackensie, Spencer’s father offered him the wedding band. Mackensie incorporated the wedding band into the one for Spencer.
To Spencer, it is not the band itself that is valuable. It is knowing that he has a part of his grandfather with him every day by wearing the wedding band.
Preserving your intangible assets
We recognize that estate planning isn’t just about preserving and passing on your financial wealth and property when you die. When done right, planning allows you to share your family’s stories, values, and life lessons, so your legacy carries on long after you—and your money—are gone.
Estate planning is a process that’s designed to not only ensure these intangible assets never get lost, but also to make the process of documenting them as easy and convenient as possible. In this process, we encourage you to create a customized recording or write a letter in which you share your most insightful memories and life lessons, not just for your children and grandchildren, but for generations to come. My favorite part about this process is that most of our clients tell us that going through it helps them surface things they would have never thought about regarding how they want to parent differently or things they want to share now, during life, not just leave behind a lasting legacy of love.
To help inspire you, we’ve developed a series of helpful questions and prompts, which makes the process not only easy, but enjoyable. And this isn’t something you have to do on your own, which you’d probably never get around to doing, despite your best intentions. Instead, this service is something we include as an integral part of our planning services—and it’s included at no extra charge with each plan we create.
In the end, your family’s most precious wealth is not money, but the memories you make, the values you instill, and the lessons you hand down. And left to chance, these assets are likely to be lost forever just like Alexis’s voicemail from her father.
Leave a lasting legacy
As your Personal Family Lawyer®, our customized estate planning services will preserve and pass on not just your financial wealth, but your most treasured family values as well. Schedule a Family Wealth Planning Session today, so we can discuss what kind of assets you have, what matters most to you, and what you want to leave behind.
This article is a service of BC Counselors at Law, PLLC, Personal Family Lawyer®. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a Family Wealth Planning Session, ™ during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love. You can begin by calling our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.