Page 44 - Ultimate Guide to Estate Planning

Consider preparing your heirs to receive the

assets. Couple the distributions of your
wealth with expressions of the family
values that you find important and you
want to perpetuate. Perhaps education,

entrepreneurship, home ownership, a cabin,
transcontinental travel, financial freedom in
retirement, religious affiliation or even the
value associated with charitable
contributions. All of these values and more
can be perpetuated by carefully drafting

language. So why are they normally not
included in the estate plans that we review? I
believe it is because the strategies don’t easily
fit into commonly used templates employed by
lawyers, thus, requiring the lawyer to deviate

from a profit rich process created by their
firm.

Before providing you with some concrete and
tangible ideas of how you can lovingly pass on

your values to your children and
grandchildren, let’s talk about the stages of
their life so as to avoid fundamentally altering
the course of their destiny by being smothered
with your wealth without any direction.

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