You Have More Control than You Think

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In these volatile, uncertain times, there doesn’t seem to be much left over which we really have any control. Of course, we want to believe we’re in control of our world, and there are certainly aspects of our lives we can control such as our attitude. But there are things we can’t control such as the attitudes and behavior of others.

When it comes to estate planning, you can have more control than you think. You can control how and where to direct your wealth. All too often the wealthy choose not to take control of the direction of their wealth, just as they chose not to have the most beneficial attitude.

Control is often a derogatory word, but I want you to think of it as a positive concept. If you don’t like that word, perhaps you prefer to say you have power or jurisdiction over your wealth or you can manage it.

Control results from understanding and using programs that fit your need. If, for instance, you want to manage your assets, but your plan asks you to give up control, you can do that.

If you decide and designate how you want your assets used, that’s having control over your wealth. No one can change that written decision without your consent—which is a way to remind you that you have jurisdiction.

I want to be clear that if you have a business or assets, with the right tools, you can give up control and remain in charge of your wealth. You can allocate funds to your heirs and specify charities in an efficient way.

Estate planning is just one part of a fully integrated financial plan, that also takes into account proactive tax planning, investment and protection strategies, and retirement income planning.

A good, well thought-out plan will help you take charge of the destiny of your wealth. For that to happen, however, you need to be educated about the impact your wealth has now and can have. Reach out to schedule a call if you want to learn more about becoming empowered to decide what you want done with your assets.

Wealth is more than money. Don’t just plan for your future, live it right now.
 

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O, it is excellent to have a giant’s strength, but it is tyrannous to use it like a giant.”
William Shakespeare
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