Lynch stressed the need for communication.
“An idea I hear often to let the family know what the donors want is writing a family love letter. This is a personal note, more emotion-based than a will, explaining to loved ones what impact they hope their wealth will continue to have after they pass,” he said. “It gives your client a way to solidify their hopes and legacy in writing, as well as allowing them to guide their beneficiaries on how to best utilize their inheritance to honor your client’s legacy.”
Doing this can help ensure that “their children [and] grand- and great-grandchildren continue to honor their family history and legacy,” Lynch said.