Money is fleeting - legacy planning should focus on life’s enduring intangibles instead
When we think of legacy, we often focus on financial assets - property, investments, and wealth. But true legacy extends beyond material wealth; it’s about the intangible elements we pass down: values, wisdom, life lessons, and emotional connections. These non-tangible legacies don’t just shape the financial future of our families or dependents; they shape the emotional and relational future as well. And as a well-being professional, it's exactly why I created LegacyNex: to help individuals and families preserve the essence of their lives and pass it down in meaningful ways.
What are non-tangible legacies?
Non-tangible legacies are the intangible aspects of our lives - our beliefs, life lessons, values, and the experiences that shape us. Unlike financial wealth, which is transferred through assets, these legacies are shared through stories, memories, and personal connections. They need to be preserved and passed on. It requires intentional effort and time, but both are essential for fostering long-term intergenerational well-being.
Why non-tangible legacies matter
In a world where wealth can be fleeting, non-tangible legacies are enduring. They provide emotional grounding, shape resilience, and foster connection - elements that are especially important as we navigate global challenges and societal shifts. These intangible assets offer lasting benefits in ways that financial wealth cannot, impacting both our personal lives and our family’s future:
Emotional Wealth: Stories and values offer clarity and comfort in tough times.
Resilience: Family stories of overcoming adversity teach perseverance and strength.
Belonging: Non-tangible legacies provide a sense of identity and continuity for future generations.
A shift in legacy planning
As families undergo the Great Wealth Transfer, many are realizing that legacy is about more than assets. People are asking, "How will I be remembered?" There’s a growing recognition that emotional and relational legacies are just as important as financial wealth. In Canada, many people are integrating personal values into their estate planning to ensure that both wealth and wisdom are passed down.
How to start creating non-tangible legacies
Creating a non-tangible legacy begins with intention:
Reflect on core values: Identify the values that have shaped your life.
Share life lessons: Document and share your experiences, offering guidance for future generations.
Foster connections: Engage in meaningful conversations with family about purpose and values.
Document your legacy: Preserve your story through writing, recordings, or videos.
Align legacy with life goals: Ensure your financial and non-tangible legacies align.
Shaping the future with purpose
Legacy planning is shifting toward a more holistic approach, expanding beyond financial assets to include emotional and relational legacies. As emotional well-being and intergenerational connections gain importance, services like LegacyNex will play a key role in legacy planning.
More people will integrate non-tangible elements into their estate plans, ensuring that future generations inherit not just wealth, but also the wisdom, values, and resilience needed to navigate life's challenges. Technology will continue to play an important role in preserving these legacies, making it easier to leave lasting messages for loved ones.
LegacyNex is here to help you get started. Take advantage of our 20% Black Friday discount and start preserving your legacy today. LegacyNex makes it simple to capture your values, wisdom, and stories, leaving a meaningful gift for your loved ones.
This exclusive offer ends Monday, December 2—don’t miss your chance to secure your legacy.