Reflection and Legacy - The Place of Most Potential

Good planning (like good business) is about finding the place of most potential and then focusing your resources towards that. But to do so requires reflection.As you reflect on your legacy, you’ll quickly realize that there is a world of possibilities to explore. You’ve reached a place where you and your family are well taken care of, so what’s your next step? When you’re looking to use your wealth to plan a legacy, it needs to be well thought out. Within your plan there will be lots of strategies and processes to sort through, but the motivator, the thing that drives you, and the thing you should be constantly looking for, is your place of most potential.Some of our clients have a specific organization or institution where they would like to direct their wealth, whereas others have a broader social category in mind like healthcare, education or the arts. But when you’re looking for your place of most potential, keep this in mind: You will not find it on a spreadsheet. It is a collision between something that is heartfelt and something that is well thought out. It involves your heart, your head and math.Therefore, your place of most potential is the way in which you are going to maximize the impact of your legacy. Cutting a cheque is one thing, but what is your plan for utilizing it so that your gift can be that much more potent? Your place of most potential may be in teaching your heirs how to manage your gift so that it can be impactful and can be passed on well into the future. That’s a legacy.Finding your unique place of most potential requires intense planning and reflection. When you find this place, hold on to it, and let it serve as your motivator and you’ll get it right every time.