The value of any container is where it isn’t. The glass holds water where it isn’t. The fireplace holds a fire where it isn’t. The room has space and is useful to us where it isn’t. They create the container for something to happen. How the room is set up will determine what benefits it delivers as we use ‘where it isn’t’. The dining room, for example can be formal, cold and sterile. Or it can be warm, welcoming and conducive to great conversations around a shared meal. It all depends on what type of container you create.
Estate and Legacy plans are the same. They create a container for something to happen for children, grandchildren and beyond as well as for society. Plans can hold the space for empowerment of family and contribution to important social causes. Or they can act like a jail cell, restricting growth and stifling initiative.
What your plan does is up to you. It is a matter of thinking about what is important to you and then asking your plan designer(s) to bring it to life. How to start?
- Ask your self some questions:
- What are the ideas, values, principles etc. that have mattered to you in life?
- How would you like to see them brought to life for you family?
- What would you like to see in the generations to come that, knowing you fostered it, would make you smile?
- Review your current tax, legal, investment and insurance planning against the answers.
- Change as necessary!
This is work we help our clients with everyday. Let us know if you would like to have a conversation around these ideas. ~ Tim Belber
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