Monetary Legacies

What will you leave behind?  What is a legacy? It is a gift by especially of money or other personal property; or something received from an ancestor or predecessor, from the past. Some people reading this post, are nodding their heads, feeling confident that they have made painstaking sacrifices to make sure their children have something, for their future. This is good.

There was a time when the previous generations left specific items behind for their children. Homes were left to ensure their children always had a place to live. Businesses were left so the next generation could carry on. Land was left so future generations could have a place to build homes. Jewelry was left as heirlooms of time passed. All very noble gestures.

Nowadays, all these precious possessions are quickly sold for money. It may have taken years and years for the loved one to save and possess these gems. But it takes far less time for the items to be sold off for money. And, within a short period of time there is only a faint memory of their existence. 

This is not to say not to leave your children anything. You must do your part. And, you have no control in how they will use the inheritance. You know your children and which ones will do the right thing.  You did right. This post was not designed to make you depressed on inheritances or your children’s behaviors. Or, not to leave them anything.

Personally, I believe parents should leave their children valuable gifts. However, many people do not have a lot of money or valuable possession to leave. They may have a life insurance policy, a little land, and small amounts of money. But you know you did they best you could do, with what you had. You worked hard and provided them with a good life while you were alive. And that is so important!

Legacy do not necessarily mean an inheritance of money or possessions. It can be much more than that. In the next few posts, different types of legacies will be addressed. Regardless if you have millions of dollars to leave or not a penny to your name, there are other types of gifts that can be left behind. Keep reading.

The hoary head is a crown of glory, if it be found in the way of righteousness. Proverbs 16:31 (KJV)