How to Pass Down Your Family Wealth Legacy During the Holidays

As you likely already know, but may not have given much thought about, the most important inheritance you provide is so much more than the money you’ll leave behind; it also includes your values, insights, stories, and experience. And, while those things are being passed on happenstance on the daily, we know that intentionally creating a Family Wealth Legacy requires more than that.

That’s why, as a Family Business Lawyer™, part of Cruz Law's unique planning process is to capture your legacy in recorded form through something we call a Family Wealth Legacy Interview. What we’ve discovered is that we can learn so much more than expected–about ourselves and our loved ones–when we ask the right questions.

"The most important inheritance you provide is so much more than the money you'll leave behind."

So, this coming year, Blyss Cruz invites you to ask your mother, father, and/or another loved one some, or all, of the important questions below that can teach you valuable lessons about love, life, and what matters most. And, don’t just ask them, but record their answers to create your own Family Wealth Legacy. Or, contact Cruz Law to schedule time for a comprehensive Family Wealth Planning Session in January 2022, and together we’ll create a Family Wealth Legacy as part of your estate plan.

Use these questions as a springboard and discover what you didn’t know about your loved ones:

1. What comes to mind when you think about growing up in your hometown?

2. What did you love to do as a kid, before high school?

3. What do you remember most about your teenage years?

4. What do you remember most about your mom (grandma)?

5. What do you remember most about your dad (grandpa)?

6. How did you choose your career? What was your favorite part about it?

7. What did you believe about yourself that helped you become successful and deal with hard times?

8. Were you ever scared to be a parent?

9. What three words would you say best describe who you tried to be in life? How would you like to be remembered?

10. What are you most proud of?

11. What message would you like to share with your family?

12. What are you most thankful for?

These questions can reveal a wealth of valuable life lessons–family treasures to discuss and share with generations to come. But having this conversation is just a start. To preserve and protect your family assets and other things of value, you should create a comprehensive estate plan that will safeguard what you value most. And, we include a recorded Family Wealth Legacy Interview, which becomes a priceless family legacy piece for your loved ones, with every estate plan we create. At Cruz Law, we’ve discovered that estate planning is really a misnomer; when done right, it’s Life and Legacy Planning–planning for a life you love and a legacy worth leaving.

As your Family Business Lawyer™, Blyss can guide you to create a comprehensive estate plan–which she prefers to see as a Life and Legacy Plan because it’s about so much more than just your “estate”–that protects and preserves your most valuable assets. Before the session, you'll receive a Family Wealth Inventory and Assessment packet to complete that will get you thinking about what you own, what matters most to you, and what you want to leave behind. Contact Cruz Law today at (907) 313-9796 to schedule your Family Wealth Planning Session.

This article is a service of Blyss Cruz, Family Business Lawyer™. We do not just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a Family Wealth Planning Session™, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.