Understanding Generativity - Legacy & Estate Planning

UNDERSTANDING GENERATIVITY

By: Don West, Jr.

The American Institute of Legacy & Estate PlanningPromoting Heritage, Posterity and Generativity

www.Legacy-Institute.org

Copyright © 2011 – American Institute of Legacy & Estate Planning

Spring 2011

http://www.legacy-institute.org/



Introduction to the Concept

Understanding the Concept

Applying the Concept

Hints for Planning Your Generativity

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2

3

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Generativity

This presentation seeks to meet four objectives:

Note: These slides are intended to support the presenter’s remarks and comments. Therefore, by design the slides do not to fully convey all the details of the presentation’s subject.


Introduction to the Concept of

Generativity

What is it?“A concern for establishing and guiding the next generation.”

- Dr. Erik K. Erikson, (1950)

a famous psycho-analyst most recognized for his work on “Identity Crisis”


Two Modern Day Views

“Creativity between the generations.”- Dr. John Kotre, Ph.D.

Psychology Professor, Univ. of Michigan in Dearborn

“The ability to generate anything tangible that will exist beyond one’s physical life; particularly when exhibiting a need to nurture and guide younger people and contribute to the next generation.”

- Don West, Jr., J.D.

Chartered Legacy & Trusts Planner

Introduction to the Concept of

Generativity


When does it begin to occur?

Originally, according to Erickson’s Eight-Stage’s of Human Development:

During Middle Age

Today, in almost any adult especially those with:Higher Levels of Maturity &

Focused Concern for the Next Generation

Understanding the Concept of

Generativity


Technical Domain

Biological Domain

Cultural Domain

Add text title Parental Domain

Societal Domain

Biological

SocietalParental

Cultural

Technical


Generativity

How Does it Manifest?



Biological Generativity

The act of making a child

which constitutes the actual creation of a new human life through the passing on of living substances, (e.g., genes, blood and a mother’s milk).

Note: There is a difference between giving birth to a child and actually raising the same child, one does not pre-determine or necessarily correlate to the other.



Parental

Generativity

The act of raising a child

which refers to acts that constitute actually raising of children and the launch into learning and participating in a family's way of life.



Technical Generativity

The creation of tangible works that will maintain an existence beyond your life, (i.e., paintings, writings, or a business organization).

which describes actual creations and/or the teaching of skills and procedures--how to run a business or organization, how to read or compose music, how to write, how to handle money, how to repair a car, how to build a building, how to program a computer, etc.



Cultural

Generativity

The creation of a meaning, belief or value system that is passed on to others.

which refers to creating, conserving, or redefining a belief, meaning or value system that is passed on to others. In the cultural category, a person teaches not only how to do things, (technical generativity), but also why they are done, what beliefs inform them, what values sustain them, what theories lies justify them, what they "stand for," what constitutes the system’s "soul" or "spirit".



Societal

Generativity

The ability to create societal change and/or reform, (i.e., Ghandi, Martin Luther King, Jr., et. al.)

which refers to a special ability and the requisite influence to create mass change on a community and/or societal level, often associated with influencing and guiding individuals who are not directly known or lie outside of the immediate reach of the originator. “Every person has the same amount of influence,

the only difference is the size of their stage.”


Add text title

It must beTangible/

Measurable

Add text titleKey Elements to

Generativity

Guide, Contribute or Impact

Last BeyondYour

Lifetime

Potential To

It must beReleased byIts Creator

The Next Generation

Understanding to the Concept of

Generativity


Stopping theDamage

Letting Go

Talking to Your Past

Finding YourOwn Voice

RespondingTo

Outcome

Blending Your Voice with Another’s

Creating Selecting

Applying the Concept of

Generativity


Guides Decisions

• Weekly• Monthly• Yearly

Protects

• Family• Partners• Capital

Coordinates

• Ideas• Energies• Talents

Generates

• Income• Credibility• Influence

Strategic Legacy/Life

Plan

Preparing aWill and

Estate Plan

FamilyMission

Statement

CreativityIn the

Technical Domain

Planning a Legacy of

Generativity


DefinitiveChiefAim

Core Values & Principles

Lasting Message(s) & Record(s) of Wisdom

Single Primary Objective/Goal

PersonalMission

Statement

PersonalLegacy

Statement

Strategic Legacy/Life Plan

WeeklyMonthlyAnnually

5-Year10-Year20-Year30-Year

100-Year

Planning a Legacy of

Generativity


About the Author

Don West, Jr. serves as a Legacy Coach & Consultant advising businesses, organizations and individuals on how to increase their performance and deliver higher value to their lives, families and bottomlines.

To begin to forge a lasting multi-generational legacy contact Don today and learn more about building ‘Healthy & Sustained Family Prosperity.’


Email: [email protected]: http://www.Legacy-Institute.org

Is Your Planner a Legacy Specialist?Your Family Deserves the Best

mailto:[email protected]





The American Institute of Legacy & Estate PlanningPromoting Heritage, Posterity and Generativity

www.Legacy-Institute.org


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Understanding Generativity - Legacy & Estate Planning