Family Legacy Check
Building wealth is half of generational wealth. Passing it on is the other half. See which protections your family has, which gaps matter most, and how much life insurance you may need. Nothing you enter is saved or sent anywhere.
How the Family Legacy Check works
The Family Legacy Check looks at the other half of generational wealth: making sure what you build actually reaches your family. You answer questions about your family, your income, debts, savings and life insurance, and which documents you have. The check shows which protections are in place, ranks the gaps from most to least urgent, and estimates how much life insurance you may need.
It checks six protections: an up-to-date will, a named guardian for minor children, beneficiaries reviewed in the last three years or since a big life change, a durable financial power of attorney, a healthcare directive, and a record of where your accounts and documents are. If anyone relies on your income, it also checks whether you have enough life insurance.
The life insurance estimate replaces 80% of your income until your youngest child turns 22 (at least 10 years), then adds your mortgage, other debts, $50,000 per child for education, and $15,000 for final expenses, and subtracts your savings and existing coverage. Everything runs in your browser. Nothing you enter is saved or sent anywhere.
Frequently asked questions
How much life insurance do I need?
A common approach is to cover enough income for your family to get by until your kids are grown, plus your mortgage, other debts, education costs, and final expenses, minus savings and coverage you already have. For example, someone earning $70,000 with a 4-year-old, a $200,000 mortgage, and $15,000 of other debt needs roughly $1.3 million before subtracting savings and existing coverage. Term life insurance is usually the most affordable way to cover this.
What happens if I die without a will?
Your state's laws decide who inherits your property, which may not match your wishes, and the court process usually takes longer and costs your family more. If you have minor children and no will naming a guardian, a court decides who raises them.
Do beneficiary designations override a will?
Yes. Retirement accounts, life insurance, and many bank and brokerage accounts pass directly to the beneficiaries named on the account, regardless of what your will says. That is why an outdated form, such as one still naming an ex-spouse, can send money to the wrong person.
What is a financial power of attorney?
It is a document that lets someone you choose manage your finances, such as paying bills and handling accounts, if you cannot. A durable power of attorney stays in effect if you become incapacitated. Without one, your family may need a court to appoint someone.
Is the Family Legacy Check legal advice?
No. It is an educational tool. Estate law varies by state, and costs are general ranges. Talk with an estate attorney, a licensed insurance agent, or a fee-only financial planner about your situation.