It is possible to make a long-term difference within your family and outside of it when you are planning your estate assuming you have the necessary financial resources. Legacy planning involves asking yourself how you would like to be remembered, what you can do for others, and ultimately setting the wheels in motion to make your vision a reality when the time comes.
Giving something back to worthy causes can be a part of your legacy planning efforts. There are a number of different ways of going about it, and one of them would be to start a private family foundation.
Some people have been able to do great things by going this route, but there are other vehicles of charitable giving that can be utilized as alternatives should the creation of a foundation be impractical for you.
Education can be something that you feel strongly about, and there are various different ways to offer educational opportunities as part of your legacy. These would include things like commemorative scholarships, grants and contributions to learning institutions.
There are no limits to the things that you can do if you formulate a plan and take the necessary steps to allow for it to spring into action after you pass away.
The first step is to get in touch with an experienced, savvy South Carolina estate planning lawyer who has a background assisting clients who are interested in crafting a robust legacy. Your attorney will ask the right questions, answer any questions that you have, and help you to formulate a legacy plan that will enable your influence to be felt for years to come.
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