June 11, 2024: Generational Wealth
A man's true wealth here after is the good he has done to his fellow men.
⁃ Mahatma Gandhi
Wealth building has finally become more prevalent in middle and upper middle income families. The time has also come for those families to learn the process of passing on that wealth, so that generational wealth can be built. If this concept applies to you, you need to take steps to ensure that the estate you leave behind, goes to the desired recipients and not unintentionally to undesired beneficiaries. The same diligence it took to build your assets is also required to preserve them when you are no longer here. Find out how the use of trust instruments and wills can preserve your life's work and benefit your future generations so that your life's work will not be squandered by spendthrift descendants. Don't let the testament to your wisdom and business acumen be easily destroyed when you close your eyes for the last time. Now is not the time to be slothful. It took wisdom and action to build, and it will take wisdom and action to preserve. Just get it done!
© 2024 Detroit Flanagan
All rights reserved
Listen to this daily meditation on audio:
