What is a “Legacy”? That can be hard to define with any certainty. We kind of know it when we see it.
There are those monuments, those legends, and those gifts about which there is no question. Whether it is in the name of a particular family or a community it is unquestionably a legacy, whether in Overland Park or elsewhere.
So it is with a garden created roughly a century ago by members of the Morris family in Pennsylvania.
For those with high ambitions to leave a legacy, consider a recent meditation in the form of a Barrons Penta article titled “A Lesson in Family Legacy” It is the story that Morris family garden.
The garden is no patch of soil, either at its start or in the present day. No, it is the Morris Arboretum of the University of Pennsylvania, a famous landmark still giving to the public and the University.
However, it was not always that way, nor was it as pretty as the article describes. In fact, the Morris family of Pennsylvania, namely siblings John and Lydia Morris, raised the garden from the soil and left their name in place long after their own passing or the passing of their house through the form of an endowment.
While not every garden can be a monument, or every gift a legacy, it does require a unique perspective when it comes to coordinating your assets, goals and values.
What will be your legacy?
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri) and to download free tools to help you organize your estate, visit my estate planning website.
Reference: Barrons Penta (October 4, 2013) “A Lesson in Family Legacy”