#089, In Practice, May/June 2003

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HOLISTIC MANAGEMENT

IN PRACTICE

Providing the link between a healthy environment and a sound economy MAY / JUNE 2003 NUMBER 89

in this Issue

Holistic Estate Planning by Ann Adams

I

wrote my first contract at age 16. I had loaned a friend $500 to “tide her over” until she got a job. In the contract, I stated the possessions she owned that I would receive if she didn’t pay back her debt; they were not worth $500. That was only one of many mistakes I made in creating that contract. But, perhaps the biggest mistake I made when I signed that agreement was not taking seriously the document and the ramifications it would have on our friendship. In the years that followed, the debt was not repaid in full and the friendship withered under the lack of trust that resulted from an ill-conceived document that was ultimately the result of youthful naivete. I feel lucky that this mistake cost so little as I have heard stories of similar scenarios where the stakes were much higher and the social costs greater. I have thought about those lessons as I’ve prepared my will and agreed to be a part of someone else’s. I don’t want to fall into the trap of just filling in the spaces without thinking about the bigger picture of what I am legally and morally committing to—the social, economic, and environmental legacy I am leaving behind. With a will or estate plan, you are dictating actions for a yet undetermined moment when many things are likely to be quite different than the future you currently picture. In turn, such dictating can profoundly affect people’s lives in many different ways. Often in ways you couldn’t foresee. Perhaps that is why people shy away from creating wills and estate plans. They can be tricky things to do well even with competent legal and accounting help. However, I believe that people’s clarity about what they want and their willingness to discuss those options with those involved will limit the outcome of any estate planning more than any laws. While my not so youthful naivete may be surfacing with that statement, I would challenge you to look at all the options and

tools available to you, and to answer the following questions before focusing on the legal restrictions: “What do I really want to leave as a legacy, rather than what I think I should leave as a legacy?” “What would be the consequences from such a decision?” “How do I feel about those consequences?” “What are the options available to me?” Asking myself those questions has been a really eye-opening experience for me as I’ve created and been involved with wills and estate plans. For example, discussions about guardianship of children or ownership of property have uncovered assumptions about family obligations and privilege, and led to productive exploration of values, feelings, and creative options. Even after you have created a will that fulfills all the “legal” requirements and family wishes, there may be many questions that arise from such discussions or as people continue to think about the ramifications of a will or a more involved estate plan. In that way a will or estate plan is just a starting point, not an end point in planning. It’s like a financial plan that you monitor and control. Holistic planning (whether financial, land, grazing, estate, or whatever) is about keeping the big picture in mind and looking at the social, economic, and environmental consequences of that planning and the management that will bring that plan to fruition. It is an opportunity to step back from day-to-day management and evaluate relationships, events, interests, and myriad other factors in the context of your holistic goal. That’s the powerful thing about holistic planning. It encourages us to look at reality, evaluate our role in the present, explore options with those important to us, and determine how we can create the future we want for our whole. I can’t imagine a greater gift to our children and communities than the kind of contributions that come from a life well-lived and a legacy well-planned.

Planned giving is more than just allocating assets. When David West left his ranch to the Savory Center, he provided us many new opportunities to fulfill our mission. In this picture Allan Savory and West Ranch Manager Joe Maddox complete work on transect monitoring as part of the Savory Center’s management contract with the estate. To read more about the Savory Center's plans for this facility turn to page 2.

The West Ranch—A Legacy Born Ann Adams . . . . . . . . . . . . . . . . . . . . . . . . . 2

The Impact of Planned Giving Lee Dueringer . . . . . . . . . . . . . . . . . . . . . . . 2

Where There’s a Will, There’s a Way Noel McNaughton . . . . . . . . . . . . . . . . . . . 4

LAND & LIVESTOCK— A special section of IN PRACTICE On the Trigg Ranch—Tough Challenges, Big Possibilities Jim Howell . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Grazing Planning Practicalities in the Dry, Cold Steppes Jim Howell . . . . . . . . . . . . . . . . . . . . . . . . . .10

Savory Center Bulletin Board Savory Center Supporters

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Certified Educators . . . . . . . . . . . . . .17 Marketplace

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