When it comes to estate planning, most people focus on financial assets and property. While these are certainly important, they aren’t the only things that matter. In fact, some of the most meaningful things you can leave your loved ones have little to no monetary value.
Sentimental assets are often the greatest and most treasured inheritance. These are items that hold emotional significance and tell the story of your life and your family’s history. They may not be worth much in terms of money, but they can be priceless in terms of the memories and connections they represent. And what inheritance could be more valuable than that?
Don’t forget to leave the following sentimental assets to your loved ones:
1. Family photos and videos. These are wonderful ways to preserve memories and pass them down to future generations. Consider creating a digital archive of all your family’s photos and videos, and make sure your loved ones know how to access it.
2. Personal items. Think about the belongings that have special meaning to you, whether a piece of jewelry, a musical instrument, or a favorite book. These items can become treasured heirlooms for your loved ones.
3. Letters and journals. If you’re a writer or someone who loves to keep a journal, consider leaving your written words behind for your loved ones to read. These can offer insights into your life, your thoughts, and your feelings–insights that your loved ones might not otherwise know.
4. Recipes and family traditions. Food is often a central part of family life, and passing down recipes and traditions can be a wonderful way to keep those connections alive. Consider creating a recipe book or a list of family traditions that your loved ones can continue in your memory.
5. Personal stories and anecdotes. Consider recording or writing down personal stories and anecdotes from your life. These can be funny, poignant, or inspiring and can offer a glimpse into who you are and what you’ve experienced. These stories will keep your legacy alive for generations to come.
The greatest inheritance you can leave your loved ones isn’t necessarily a financial windfall or a piece of property. It’s the intangible things that connect you to them and that tell the story of your life. By including these sentimental assets in your written memorandum outside of your will, last will and testament, or living trust, you can ensure that your legacy lives on for generations to come. Ready to start planning for the legacy you’d like to leave? Request a free 45-minute consultation with an attorney at the Hailey-Petty Law Firm today.