Viking Magazine - Jan/Feb 2025 - 10

YOUR FINANCES
What is Your
Legacy Plan?
Planning for retirement is common, but
what about planning for your legacy?
It's time to think beyond wealth and
create a roadmap for your future.
BY SONS OF NORWAY
A
s a society, we do a lot of planning
for retirement. We create wealth
so we can enjoy life after retirement, but
people aren't thinking about their next step.
That is where legacy planning comes in!
Something that people talk about, but
don't communicate enough, is creating
their legacy plan. This can mean a number
of things: sharing memories with children,
dividing family heirlooms among loved
ones, donating to church, associations
and meaningful causes.
The time to plan is when you are in the
position to do it in a positive light.
Legacy planning is more than a financial
plan-it is putting together a roadmap
for your spouse, children and next of kin.
A legacy plan can be put together at the
beginning of adulthood and be updated
through milestones such as marriage,
children and retirement.
It gives direction to those who will
be making decisions for you in the case
of death, accident, health care needs and
elder care, events that may happen
after retirement.
When a family experiences a lifechanging
event, behaviors become
heightened and anxiety increases. Things
happen rapidly, and people aren't in a place
to make rational decisions. Families then
make decisions based on feelings, not facts.
Unfortunately, not many people have
organized and communicated their plans.
We at Sons of Norway want to educate
our members on how to create their
legacy and provide tools to help them
navigate the process.
Not everyone can afford to consult
with an attorney. My Legacy Plan is a
tool Sons of Norway created to help
10
Jan/Feb 2025
get your affairs in order, so your wishes
are clear, and family has the necessary
information to guide them.
We asked Director of Sales Lori
Gubash about why My Legacy Plan is
an important tool.
" When my grandparents passed away,
everyone had different notions of what they
would have wanted. Not having a plan in
place really took a financial and emotional
toll on the family. I've seen the strife that
not talking about this can cause.
Because of my experiences, I made it my
mission to get others talking about this to
help others avoid the pain of family division. "
Where to start
If you haven't begun legacy planning, reach
out to us. Sons of Norway can help you and
provide the tools to create the plan.
Visit our website sofn.com and contact
an agent or FBC to learn more and start
creating your legacy plan.
HAVE YOU THOUGHT
ABOUT WHAT YOUR
LEGACY PLAN
SHOULD LOOK LIKE?
Sons of Norway can help
identify these items and
provide the tools for you to
talk to your family about
what you would want your
legacy to be, if something
were to happen to you.
Types of items to discuss
with your family:
* Documentation
° Financial papers
° Advisors
* Preferences
° Healthcare directives
° Funeral arrangements
° Possessions
products are available in all states. Products issued by Sons of Norway are available to applicants
who meet membership, insurability and residency requirements.
Sons of Norway, 1455 W. Lake St., Minneapolis, MN, offers financial products, but not all
sonsofnorway.com
ILLUSTRATION INSPIRING.TEAM/ADOBE

http://www.sofn.com http://www.sonsofnorway.com

Viking Magazine - Jan/Feb 2025

Table of Contents for the Digital Edition of Viking Magazine - Jan/Feb 2025