Leaving a Legacy – It’s Not Only For the Super Rich
Warren Buffet’s recent donation to the Gates Foundation prompts the Legacy Planning Institute to declare that leaving a legacy is not limited to those with billions of dollars, nor is it spontaneous decision.
(PRWEB) July 2, 2006 -- When Warren Buffet’s $30 billion donation to the Gates Foundation made major headlines, the principals at the Legacy Planning Institute were quick to point out that Buffet did not make this decision overnight. Says Principal Dennis McDine, “Buffet is only doing what we are helping our clients do ---plan a legacy.”
“You don’t have to be a Sam Walton or a Rockefeller to leave a legacy; strategies to increase wealth and expand influence have no real financial barriers. Individuals who have a strong desire to take what they have earned and build something for the future--regardless of wealth can do legacy planning. Buffet’s legacy is his investment in an existing foundation that has already proved it can put his money to good use, the Bill & Melinda Gates Foundation,” said Dennis McDine.
“Most individuals fail to realize they have an unlimited capability to determine how future generations will remember them. Developing a plan that helps achieve those goals—more than financial planning or real estate investment–is how we help our clients,” added McDine.
The Legacy Planning Institute has the role of a quarterback for a client, working with financial, legal and real estate professionals and often charities and foundations, to bring together all the elements to help individuals build a legacy.
About the Legacy Planning Institute
Information about any of the Legacy Planning Institute Programs is available through www.legacyplanninginstitute.com or by calling 201-391-9449.
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