Father’s Day 2017: Thoughts On Creating A Legacy That Lasts

THOUGHTS ON CREATING A LEGACY THAT LASTS

Father’s Day 2017 is almost here. What key questions should we all be pondering this year, to help create valuable legacies that last for more than a generation?
Despite the headlines that declare many major American retailers are struggling, the National Retail Federation predicts that spending on Father’s Day gifts will hit a 15 year high in 2017, with around $14.3B being spent. A larger part of this spending this year is expected to be spent on experiences rather than material gifts, according to Market Watch.
Here are some questions we all might want to think about as June 18th comes around…
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As Fathers:

• What do I want my legacy to be?
• Who do I want to take care of after I am gone?
• Do I have all the paperwork done to ensure that happens?
• What types of financial support will be best for my heirs?
• What do I want to teach or share with them before my time is up?
• What investments can best help me achieve those goals?
• Who can help my heirs get the most out of their inheritance after I go?

As Children:

• Why does my father want me to know and pursue?
• What is their legacy?
• How can I help them best continue their legacy?
• Do I know what my father wants me to do with any inheritance or estate assets?
• Who can help me make the best of it when my father isn’t around?
• How can I multiply the estate to provide even more to the next generation?

As Friends:

• Who do I know who is a father?
• How can I help them create a great legacy?
• How can I help their family members?
• What are successful fathers doing to build great estates?
• What investments and tools can I use to create a great legacy myself?
• How can I help bring others together on Father’s Day?

Father’s Day 2017 Gift Ideas

Still need gift ideas?

• Father’s Day gift ideas for under $50 from Business Insider
• Introduce them to a wills, trusts, and estate expert
• Forbes’ top 10 Father’s Day gifts for 2017 and beyond
• Cosmo’s top 30 gifts this year
• A trip to the Dominican Republic
• A new condo in Brooklyn

Summary
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Whether you are a father, child, or just know some dads; there are lots of things to think about this Father’s Day. Just don’t forget to spend some quality time with someone special. Bookmark this page for whenever you need a gift idea for an important Father!