Broker Check
3 Steps to Defining Your Legacy

3 Steps to Defining Your Legacy

| March 01, 2023

Not long ago, I was at the park with some friends and our kids. At one point during our conversation, one friend asked me what I wanted to leave behind to my kids… and my kids’ children.

People generally have a hard time thinking about this because it means thinking about their own mortality. The truth is, we all want to leave more than money, a house, or a car to our families. We want to make sure that we leave an indelible legacy.

We want to make sure that we leave behind core values that really outlive us.

But leaving a true legacy requires some careful thinking and planning.

You see, I have always tried to live life by example for the people around me. I have always worked hard to spread acts of kindness, love, and respect while still teaching lessons about kindness, love, and respect to my kids.

I try to live by show, not tell. Even if I am not perfect, it still reflects my values to my kids.

But to leave an indelible legacy, we first need to define what we want this legacy to be. And that means having some serious conversations as a family.

1. What matters most to you and/or your kids the most?

The first step to creating a legacy is to really define your values as a family. Having this kind of conversation can be difficult, so I recommend beginning with a few thought starters on an evening specifically designed for this conversation. (Read: This isn’t a “by the way” chat during the holidays, or a throwaway at the end of a phone call. Sit down and really talk.)

  • What’s something we do that makes you proud?
  • What is your happy place?
  • What do you hope future generations remember about our family?
  • If we could change anything about the world, what would it be?

Defining what matters most can be challenging so don’t expect to have it solved in an evening. But getting the conversation started is critical.

2. Who do you want to impact?

After you have defined your values and determined what matters most, the next step is defining who you want to affect.

For example, I had a local friend who determined with his family that the ocean mattered most to him. He had spent his life on the Eastern Shore and his happiness was tied to thoughts of his family sitting on the beach together.

Together, we started to look at issues around beach erosion and plastic waste in the ocean and how he could build a legacy by giving to charities that work to clean the oceans.

But for him that wasn’t personal enough. His family began to volunteer locally with the organization so that his kids realized that legacy was more than philanthropy.

3. How can you actively accomplish defining your legacy?

All of this can seem overwhelming, but the truth is we are all in this together.

Defining your legacy is the first step in a greater journey. Together my team and I seek to create an estate plan so that your family can continue your legacy for many generations to come.

Let’s strive to ensure that you leave a truly indelible mark on your family, your community and your planet.

Moving Forward with Legacy Planning

The team here at Phronesis Wealth Management looks forward to assisting you with your legacy planning, whether you are a current client of ours, or someone who is seeking a financial advisor in the Severna Park area. If leaving a lasting legacy is important to you, you can take the first step by scheduling an introduction with us here:


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.