When it comes to estate planning, most people focus on creating a will or trust that outlines how their assets will be distributed after they pass away. While this is an important part of estate planning, there are other things that you may want to tell your children and heirs that are not included in your will.
Share your values and beliefs. Your children and heirs may not know what's important to you unless you tell them. Consider sharing your values and beliefs with them so that they can understand what's important to you and why.
Share your life story. Your children and heirs may be interested in learning more about your life story. Consider sharing stories about your childhood, your career, and other important events in your life.
Share your wisdom. You've learned a lot over the course of your life, and you have valuable wisdom to share with your children and heirs. Consider sharing advice on topics like marriage, parenting, career success, and financial management.
Share your family history. Your children and heirs may be interested in learning more about their family history. Consider sharing stories about their ancestors and other family members.
Share your final wishes. While your final wishes may be included in your will or trust, it's still important to share them with your children and heirs. This can help ensure that your wishes are carried out after you pass away.
While creating a will or trust is an important part of estate planning, there are other things that you may want to tell your children and heirs that are not included in these documents. By sharing your values and beliefs, life story, wisdom, family history, and final wishes with your loved ones, you can help ensure that they understand what's important to you and why.
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