A new Developer Dispatch has been made available on the official Star Wars: The Old Republic site detailing the upcoming changes to the Legacy System in patch 1.2. Among the changes is the ability to create a family tree, create new characters with abilities from your previous characters, unlocking race combinations and other goodies like a mailbox on your ship.
Quote from Courtney Woods
The Legacy system in Star Wars™: The Old Republic™ will allow you to create your very own family tree, connecting each of your characters together and unlocking a host of skills and abilities that would otherwise be unobtainable. Watch this Developer Dispatch to learn about what Legacy is and how it will continue to evolve with the game.
The full video is now available after the jump.