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Give Your Family the Roadmap to Your Legacy

Give Your Family the Roadmap to Your Legacy

Creating a legacy can be a dual effort but oftentimes one person in the household takes the lead on planning. It’s a natural approach because when one person does the job, you avoid duplication of effort. It would be easy to overlap if both you and your spouse were heavily involved in the planning process. While it makes sense to delegate the responsibility to one person, what if that person should die first?
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Tell Me a Story

Tell Me a Story

There are many different ways to tell a story – around a campfire, at night before bed, at family gatherings, maybe even keeping a diary or journal. But the truth is that we are always telling stories. We’re hard-wired to do so. Scientists investigating “why we think” have discovered that the human brain has evolved into a narrative-creating machine. No matter what we encounter, we automatically impose a story-like chronology and cause-and-effect logic on it. Facts alone are meaningless; it’s the stories we create around the facts that become important.
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Laws Can’t Keep Pace with Technology

Laws Can’t Keep Pace with Technology

As it stands, Delaware is the only state in the U.S. that fully recognizes the importance of digital assets as part of a legacy. Representatives proved that last year by signing into law House Bill 345, the Fiduciary Access to Digital Assets and Digital Accounts Act. The bill granted families access to their loved ones’ online accounts and in so doing leapt ahead of most of the nation in terms of legislature involving advancements in technology.
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Living the Legacy

Living the Legacy

Family traditions are a wonderful way in which to tell the story of a family. They are also a great way to provide a sense of identity for all the members of a family, young or old, near or far. The purpose of a tradition is to create something that is special, something extra that lifts a family activity or event above the ordinary. But it doesn’t have to be big. A family tradition can be as simple as the ritual of a bedtime story or family dinnertime. It’s the communication and the sharing, the thought and intentionality that are important. And those are the qualities that will be remembered.
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Protect Your Estate – and Your Heirs

Protect Your Estate – and Your Heirs

The end goal of estate planning is to ensure your heirs are financially secure. That’s the reason you go to all the effort to organize your affairs in the first place – to protect your family. But improperly set up or poorly managed, a large portion of your estate could end up in the hands of the government in the form of federal income taxes. In order to avoid these potentially devastating penalties, you first need to know what taxes your estate stands to face before you can develop a plan.
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