Legacy Redefined

About this book

Will you leave behind a legacy, or merely an inheritance? In Legacy Redefined, Richard Watts, advisor and legal counsel to America's wealthiest families, shares cautionary tales of how financial inheritance can create conflict for those who receive it. If you intend to leave money to your kids, you need to read this heartfelt deep dive into the best practices for passing money to your heirs. Just as important, Richard redefines true legacy as the impact you create for others, and guides you on how to begin your legacy while you are living. It isn't your money that will create the most meaningful impact. To be remembered, you must be memorable. And to be memorable, you must do for others.Legacy Redefined is a wake-up call for the many who strive to acquire wealth and have a vision of leaving sums of money for their families, not realizing that pride in their accumulations and care in managing their money is difficult to transfer to the next generation. Watts illustrates how our daily choices are woven into the grand tapestry of our legacy, and how focusing on those around us, rather than ourselves, will leave a lasting memory for those we touch.He explores such concepts as: - The pitfalls of leaving a large inheritance, and suggestions for creating a family-strengthening estate plan- Asking the right questions to live a life led by intentionality- The many ways to leave a profound personal legacy and how to honor others- Phillegacy, deep longing for someone or something past, intertwined with gratitude for having had the experienceYour legacy is not as simple as leaving behind wealth and belongings; it is about the impact you create, the way your actions alter another's life, and how you are remembered by your loved ones and friends.