legacy planning
/ˈlɛɡəsi ˈplænɪŋ/ · leg·a·cy plan·ning
noun
- The systematic process of arranging one’s assets, values, and intentions so they can be transferred to future generations, often involving estate, tax, and charitable considerations. She hired a financial adviser to develop a comprehensive legacy planning strategy that included a trust and charitable donations.
- The act of designing policies or programs that ensure an organization’s long‑term impact or reputation after its founders or leaders depart. The museum’s legacy planning committee drafted a plan to preserve its collections for centuries to come.
Synonyms
estate planningsuccession planninginheritance planningwealth transfer planningheritage planningfuture planningphilanthropic planningasset planning
Antonyms
Did you know? The term "legacy planning" gained popularity in the 1990s as wealth‑management firms sought a softer, values‑focused alternative to the more clinical "estate planning".