Ten Steps for Legacy Planning

Here is a ten-step process designed to help wealthy families create the legacy they wish to achieve:

1. Identify their inspiration.
2. Create a mission statement.
3. Review their giving history.
4. Involve the next generation.
5. Research potential non-profits.
6. Form a client-focused team of advisors.
7. Decide where they will give.
8. Maximize value.
9. Give customized recommendations.
10. Implement the strategy.

See Jon Sahn, 10-Step Legacy Planning, Private Wealth, Jan. 7, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.