153: Series 8 Ep 8: The 9 Accelerators of Successful Retirement Planning - Legacy Planning

Financial Planning

Jul 5

Watch my conversation with Kathy on YouTube or listen on the podcast player below

This week we return to our series on the 9 Accelerators for a Successful Retirement – this is the 8th out of 9 episodes and we’re talking about legacy planning.

Scroll down to find links to all previous episodes in this series.

The terms estate planning and legacy planning are often used interchangeably, and there is some cross-over. In my view, the aim of estate planning is to reduce the burden on your loved ones at the end of your life and after you’re gone. So that ensures making sure your will, expression of wish, powers of attorney and any trusts are up to date. This should allow you to die organised. (Listen to my episode on estate planning here).

Legacy planning, however, is about leaving behind a legacy that makes a difference where it matters most to you.

In this episode Kathy and I chat about what to consider when deciding what you want your legacy to be, including charitable giving, passing on values and beliefs, and why we shouldn’t wait until death to define our legacy.