---
title: Mark Zaifman|Money Matters Blog | inheritance
description: inheritance | Articles on Investing, Retirement Planning, Cash Flow Planning and Tax Planning
---

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# MONEY matters

Mark Zaifman's thoughts on money, global economic trends and politics

##### [Why You Need to Know Your Legacy Plans Before you Retire](https://www.spiritusfinancial.com/blog/http/www.spiritusfinancial.com/blog)

** [Mark Zaifman](https://www.spiritusfinancial.com/blog/author/mark-zaifman)   |   ** Wed, Jan 31, 2018 @ 11:41 AM

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The dictionary would define 'legacy' as:

*a gift or a bequest that is handed down, endowed or conveyed from one person to another. It is something descendible one comes into possession of that is transmitted, inherited or received from a predecessor.*

A financial planner would define legacy simply as:

*"the amount of inheritance you plan to leave to your heirs and or charities/organizations upon your passing. *

[Read More   **](https://www.spiritusfinancial.com/blog/http/www.spiritusfinancial.com/blog)

** [retirement planning](https://www.spiritusfinancial.com/blog/topic/retirement-planning), [inheritance](https://www.spiritusfinancial.com/blog/topic/inheritance), [financial goals](https://www.spiritusfinancial.com/blog/topic/financial-goals)

##### [Estate Planning 101, It's Never Too Early to Start that Conversation](https://www.spiritusfinancial.com/blog/bid/115816/Estate-Planning-101-It-s-Never-Too-Early-to-Start-that-Conversation)

** [Mark Zaifman](https://www.spiritusfinancial.com/blog/author/mark-zaifman)   |   ** Wed, May 22, 2013 @ 11:08 AM

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[![](https://www.spiritusfinancial.com/hs-fs/file-46291451-jpg/images/fortune_cookie.jpg) ](https://www.spiritusfinancial.com/blog/bid/115816/Estate-Planning-101-It-s-Never-Too-Early-to-Start-that-Conversation)

[Read More   **](https://www.spiritusfinancial.com/blog/bid/115816/Estate-Planning-101-It-s-Never-Too-Early-to-Start-that-Conversation)

** [estate planning](https://www.spiritusfinancial.com/blog/topic/estate-planning), [inheritance](https://www.spiritusfinancial.com/blog/topic/inheritance)

##### [The Zen of Receiving an Inheritance](https://www.spiritusfinancial.com/blog/bid/114298/The-Zen-of-Receiving-an-Inheritance)

** [Mark Zaifman](https://www.spiritusfinancial.com/blog/author/mark-zaifman)   |   ** Wed, Mar 20, 2013 @ 12:04 PM

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[![](https://www.spiritusfinancial.com/hs-fs/file-24596201-jpg/images/zen_couple.jpg) ](https://www.spiritusfinancial.com/blog/bid/114298/The-Zen-of-Receiving-an-Inheritance)

We are currently in the midst of one of the largest transfers of wealth from one generation to the next that our country has ever witnessed. That’s because as parents of baby boomers start to pass, the legacies they are leaving behind in the form of inheritances are in the trillions of dollars.

Last year alone in our financial planning practice, one out of three new clients contacted our practice as a result of receiving an inheritance. And in many cases, the inheritance they received was a game changer - meaning the amount received was large enough to create [**financial independence**](http://spiritusfinancial.com/blog/bid/103294/The-Journey-of-Financial-Independence-Begins-With-a-Single-Step).

[Read More   **](https://www.spiritusfinancial.com/blog/bid/114298/The-Zen-of-Receiving-an-Inheritance)

** [baby boomers](https://www.spiritusfinancial.com/blog/topic/baby-boomers), [financial independence](https://www.spiritusfinancial.com/blog/topic/financial-independence), [relationship with money](https://www.spiritusfinancial.com/blog/topic/relationship-with-money), [inheritance](https://www.spiritusfinancial.com/blog/topic/inheritance)

[All posts](https://www.spiritusfinancial.com/blog/all)

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