Legacy

Legacy refers to something that is handed down or passed on from one generation to another. This can encompass a range of concepts, including assets, traditions, knowledge, values, or even the memory of a person’s influence and contributions. In a financial context, a legacy often pertains to inheritance—property or money that is bequeathed to heirs after a person’s death. In a broader cultural or social context, it may involve the lasting impact of an individual’s or organization’s actions, which can shape the beliefs, practices, or history of future generations. A legacy can be positive or negative, depending on the outcomes of those actions and their perception over time. It signifies a form of continuity, connecting the past with the future, and often carries a sense of responsibility regarding how one’s actions will be remembered and interpreted by others.