Have you thought much about what type of legacy you want to leave behind?

If you have inherited money or property then there’s a higher chance you have. For many, an inheritance comes as an unexpected surprise; something that was never going to be relied upon. Receiving such a gift, big or small, will start to promote ideas of one day passing on a similar amount (or more) to others.

For those that haven’t yet received an inheritance, this entire concept is not only foreign, but a little uncomfortable – because it’s a conversation about death which most people don’t want to talk about it.

So let’s not talk about death. Not because we want to avoid it but because the concept of a legacy is starting to change from being an afterlife event to a rewarding one.

According to the dictionary, a legacy, is an amount of money or property left to someone in a will. However I can see a trend starting over the coming decades where Baby Boomers, after downsizing may start to gifting more assets sooner to their kids?