Planning Ahead…

Why Is It So Hard?

“If you fail to plan, you plan to fail.” We all know this, right? And yet proper planning—in every area of life—remains one of the most commonly shared universal struggles out there.

If you “fail to plan” when it comes to your wealth, you aren’t the only one who pays the price. Wealth planning affects you, your family, their families, and countless others who could benefit from your estate one day.

When it comes to planning bequests, the best time to plan is EARLY. When you do, you have both the time and opportunity to communicate the intent, amount, and timing behind the inheritance. A family meeting about wealth and the purpose behind a financial legacy can pay huge dividends in helping heirs remain resolute about discovering and living their purpose in life.

For instance, too often yearly gift checks are handed out to heirs without any explanation or understanding. Over time the heirs expect those checks—as though they deserve it. They often build a lifestyle around the assurance of those regular gifts.

The questions for you are whether you’re accomplishing your desired intent with the money.

• Will you be funding an inflated lifestyle or an opportunity?
• Are you encouraging an attitude of gratitude or entitlement?
• Are they being responsible and sensible with the funds?
• Will they willingly report to you about what they did with it?
• What do you hope they will do with the money?

None of these questions come with easy answers. That’s why when it comes to your legacy, planning ahead is the only way to ensure it’s the one that YOU envision


“Planning is bringing the future into the present so that you can do something about it now.”

-Alan Lakein

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