What’s your LegacyScoreTM?
Assess your legacy readiness with A Legacy Score – akin to a credit score for legacy and estate planning, evaluating your preparedness in managing and transferring wealth, assets, and personal legacies to the beneficiaries.
Key Benefits in a Snapshot
Know what you don’t know!
- Gauge your readiness: Understand how well-prepared you are in dealing with unforeseen emergencies.
- Strategic planning: Use the insights from your Legacy Score to strategically plan your legacy.
- Secure your family's future: Take proactive steps to safeguard your digital assets and ensure the smooth transition to designated beneficiaries.
Frequently Asked Questions
A Legacy Score serves as a metric, whether numerical or qualitative, employed to evaluate an individual’s preparedness and efficiency in estate planning, strategizing for the outcomes following their passing, and ensuring the effective management and transfer of their assets, values, and personal legacies.
The computation of a Legacy Score hinges entirely on the information provided by the individual. This process typically takes into account various factors, including the individual’s personal or family situation, and assesses whether essential estate planning documents are in place.
Several factors influence the Legacy Score, shaping its assessment of an individual’sl readiness and effectiveness in legacy and estate planning. By considering these factors, individuals can better understand their preparedness and make informed decisions to shape their legacy / estate planning.
A Legacy Score is important because it provides individuals and families with a comprehensive assessment of their preparedness and effectiveness in legacy and estate planning. It helps identify areas of strength and weakness in legacy plans and serves as a roadmap for continuous improvement and refinement of legacy planning strategies.
Improving your Legacy Score involves creating any missing estate planning documents or updating the old documents. By taking these proactive steps, you can enhance your Legacy Score and build a lasting legacy for future generations.
Unlike credit scores, which are governed by established credit reporting agencies and scoring models, Legacy Score is something we have invented (and proud of it). So, there is no universal standard. The intent of providing a Legacy Score is to increase one’s awareness about legacy planning and educate them on what kind of documents they need so they are prepared for emergencies.
