If you want to you can look at estate planning as a bare-bones effort to arrange for the transfer of assets to your loved ones after your passing. This is certainly not the best perspective, but even a basic estate plan is better than none at all.
However, there are those who see things in a different way. If you have ample resources you may be able to make your legacy felt for generations to come, and this is something to consider when you are contemplating the future.
There are a number of ways that you can utilize some of your assets to make a difference over the long haul, and this is even true within your own family. For example, it would be possible to set aside resources that can be utilized for the education of future generations of your family, and this is a way to help young people achieve their full potential as individuals.
One could also do a similar thing for students outside of the family by providing scholarships and/or grants, and this is something else to take into consideration.
Of course there are countless charities out there that are always going to be in need of ongoing assistance, and your legacy could be pointed toward philanthropic aims.
These are just a few ideas but the possibilities are virtually endless. If you are interested in learning more about comprehensive legacy planning, don’t hesitate to pick up the phone to arrange for a consultation with a good Central New Jersey estate planning lawyer.
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