Have you considered what is required to preserve generational wealth and your legacy? Or the impact an inheritance will have on family members in different stages of life after you are gone?
You may worry that children and grandchildren will lose motivation and work ethic after they inherit. Some beneficiaries may experience favoritism, or relationships could dissolve over trivial disputes. How can you ensure their inheritance contributes to generational wealth and is used to achieve a better future?
Your loved ones must be ready for this new responsibility. Ideally, an inheritance will improve their lives while ensuring its use follows your wishes and values. Their wealth is intended to support family initiatives and possibly extend to their communities. Below are three tips to ensure your legacy is protected and you are prepared to preserve generational wealth.
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