Legacy
June 7, 2021
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Legacy matters. Most think of it as money or property and don’t think of it much until vintage years. Wisdom means consider legacy earlier and plan.
V Wealth, mainly money or property can go to three places: spend it, gift it, pay taxes. We’re simplifying here, but think, you get to choose. Which would you prefer? Spending is easy. Some have surplus. What matters to you? Gifting can be to others, often family. Lets think about that. Ask this question. Is my gift enabling or promoting wise living?
M We’ve seen adult children become codependent on vintage parents’ gifts. Enabling lack of work ethics or indulgent spending. Ponder, perhaps give a smaller gifts and observe.