Beyond the Will: The human side of estate planning

Estate planning is often seen as something you only need when you have significant assets, but in reality, it’s about much more than just wealth distribution. It’s about creating a legacy that reflects who you are, the life you’ve lived, and the values that you want to pass on. As someone with a background in well-being strategy—including both financial and emotional well-being—I’ve come to realize that estate planning should be deeply connected to our broader sense of purpose and well-being.

Estate planning isn’t just about distributing wealth; it’s about passing on the values, stories, and wisdom that truly define us.

Over the past few years, I've worked extensively in mental health, well-being, and communication strategy. I've always believed that well-being is not just about personal health but also about the financial and emotional security we leave behind for our families. This intersection of well-being and financial planning is why I believe we need to rethink inheritance planning.

Historically, estate planning has focused heavily on asset distribution—essential, yes, but limiting. When we think about what truly matters, it’s often our values, stories, and experiences that define us, not just the monetary value of what we leave behind. Estate planning should be an opportunity to capture the essence of who we are, ensuring that those who come after us not only inherit our wealth but also our wisdom and insights.

Recent discussions, such as those highlighted in a Globe and Mail article, reveal a shift in how Canadians view estate planning. There is a growing recognition that legacy is about more than just money. Many are now looking to pass on their values, stories, and life lessons alongside their financial assets. This shift underscores the importance of creating a legacy that reflects not just financial success but also the personal and emotional aspects of our lives.

As I personally reflect on my own legacy, I find myself pondering how best to share the insights and experiences I’ve accumulated over two decades in leadership and communication. Without children of my own, my focus is on documenting the lessons I've learned and the leadership principles I’ve developed, aiming to inspire and guide the next generation of leaders. For me, this involves more than just having a will; it’s about passing on valuable reflections and wisdom that can make a meaningful impact.

The key takeaway? Estate planning isn’t just a legal exercise; it’s a deeply personal one. It’s about ensuring that the people we love are not only financially secure but also emotionally supported with the stories and values that shaped us. This kind of planning contributes to a family’s overall well-being, giving them the tools to navigate life’s inevitable transitions with more clarity and intention.

As I continue to explore the intersection of well-being and legacy, I invite others to rethink what inheritance means and to approach estate planning as an opportunity to not just distribute wealth, but to pass on what truly matters—our wisdom, values, and purpose.