What legacy do you want to leave behind (and when)?

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?

Matthew Ross

Director and Independent Financial Adviser