News & Views

Planning Beyond Your Life: Leaving a Lasting Legacy


Planning for the future involves more than just financial considerations; it’s about ensuring your loved ones are cared for and your legacy lives on. Legacy planning goes beyond simply passing on wealth; it’s about making a positive impact on the lives of your family members, providing support during crucial stages of their lives.

When creating your Wealth Plan, it’s essential to consider the aspirations and needs of your children or grandchildren. Whether they’re aiming to buy their first home, pursue higher education, start a business, or embark on other significant life events, the wealth you leave behind can play a vital role in supporting their endeavours.

Legacy planning allows you to visualise how your wealth can make a real difference in the lives of your loved ones. By understanding their goals and aspirations, you can determine the assets you’ll leave behind, calculate the amount you can afford to leave, and plan the most effective way to distribute your wealth.

It’s crucial to recognise that your wealth represents the culmination of your life’s work and sacrifices. Therefore, it’s essential to ensure that your legacy isn’t wasted, either through mismanagement or irresponsible spending by future generations.

Legacy planning provides peace of mind, reduces confusion and conflict among family members, and allows you to leave a lasting impact that extends far beyond your lifetime. By taking proactive steps to plan for your legacy, you can ensure that your values and aspirations continue to shape the lives of those you care about most.

Legacy Planning

Key Questions to Consider:

  • What are the aspirations and goals of my children or grandchildren?
  • How can my wealth support them during significant life events?
  • What assets do I want to leave behind, and how much can I afford to leave?
  • How can I ensure that my legacy is not wasted or mismanaged by future generations?
  • What values and aspirations do I want to instil in my family through my legacy?
  • Have I taken steps to create wills, trusts, and other documentation to ensure a smooth transition of wealth?
  • How can I involve my family members in the legacy planning process to ensure their needs and aspirations are considered?

Are you ready to start planning your legacy and ensure your loved ones are taken care of?

It’s our mission at Wells Gibson, to help clients put themselves at the centre of this bigger picture. Whatever stage of life our clients are at, we help them anticipate what they’ll need for life’s transitions and plan accordingly. All of that feeds into your legacy planning because it’s only when you’ve understood the rest of your financial future that you can start to determine what you can pass on and to whom that will go. Together, we’ll create a comprehensive Wealth Plan that reflects your values, aspirations, and financial goals, ensuring a lasting legacy for generations to come.

Reach out to us to schedule an Exploration Call.