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Legacy planning is a process.
The first step, Phase One, focuses on getting to know the family, its strengths, and the nature of its planning to date. It assesses the family’s preparedness, priorities, areas of challenge, the vision it wishes to promote, and the health of relationships and communication. Often this phase includes interviews of family members, the use of questionnaires, and family meetings.
In Phase Two, a strategic action plan is developed to address the priorities and needs identified through Phase One. The plan outlines specific steps to be taken, over the next 6-12 months, to promote the priorities established in Phase One.
Frequent areas of concentration include communication, trust, conflict resolution, leadership development/mentoring, relationship enhancement, philanthropic planning, and family governance.
In Phase Three, progress and outcomes are evaluated, and subsequent action plans may be developed.