We work with a lot of business owners. At some point, they always ask “why am I doing this and what am I going to do when it’s done?”

Usually, they are asking this about their business, but these questions carry over into our broader financial lives.

It’s important to think through the long term purpose of our money. Long term meaning during this life and after we are gone.

Is it to feel secure in retirement?

Is it to build a family business?

Is it to leave an inheritance for our kids?

We feel a sense of clarity and focus when we answer these questions.

Ultimately, we have to decide what will happen to our money when we are gone. This is the essence of estate / legacy planning. It’s not sexy but it’s a critical part of the financial planning process!

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