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Home » Guardianship » Your Memoirs And Your Estate

Your Memoirs And Your Estate

April 25, 2011 by Larry Parman, Estate Planning Attorney, Author, Speaker

When you read an autobiography written by someone that is famous in some way you generally are drawn in by the fact that you’re interested in this particular individual. Reading about the things that this person went through throughout his or her life can be instructive and entertaining, but inevitably you also gain some insight into the times during which the author lived. The perspectives of a given individual can sometimes be more valuable than a consensus look-back provided by a mainstream source.

The fact is that everyone has a story that is worth telling, not just those who were somehow able to capture the public’s attention. Part of estate planning involves taking stock of the larger part of your legacy.  Yes, passing along financial resources to your loved ones is important, but you have another gift to give as well: the gift of experience and values. You can make sure that this experience and the values you developed during your lifetime is put to good use for the long haul by taking the time to write your memoirs.

There are a number of reasons why an autobiographical rendering is something to consider.  One of them is the simple fact that you are the bridge between the generations that preceded you and those that have followed. Many people develop an interest in genealogy at some point in time and having this resource to tap into would be invaluable to members of your family who are interested in finding out “where they came from.”

In addition, recording your memories can be a cathartic personal experience, sort of a “life review” that can be a very constructive act as you enter into the twilight of your life. Many people say “I could write a book…” and the suggestion here is that you take the time to do just that. If you do there is little question your family members will appreciate the effort.

Larry Parman
Founding Attorney

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Larry Parman, Estate Planning Attorney, Author, Speaker
Larry Parman, Estate Planning Attorney, Author, Speaker
Founder and Owner at Parman & Easterday
Larry Parman's dad died at 56 in a farm accident with no estate plan. His family spent two years fighting the IRS and nearly three years in probate. That experience became Larry's life work.

Since founding Parman & Easterday in 1985, Larry has led over 1,000 free, community-service education programs and helped more than 10,000 Oklahoma families go from putting off their estate plan to getting it done. His goal for every client is the same: to become the person their family calls "the one who took care of everything."

Larry is the author of three books: The Straight Shooter's Guide to Estate Planning; Estate Planning Basics; and Guiding Those Left Behind in Oklahoma. He served as Oklahoma's Secretary of State and Secretary of Commerce, and his firm is the only member of the American Academy of Estate Planning Attorneys in the state.
Larry Parman, Estate Planning Attorney, Author, Speaker
Latest posts by Larry Parman, Estate Planning Attorney, Author, Speaker (see all)
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Filed Under: Guardianship Tagged With: Gift Tax, pet trusts, Social Security

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