Dynasty Estate Planning
Don’t Create a Nasty Trust Fund Baby
The Danger of the “Trust Fund Baby” I was interviewed about the trust fund baby problem by SuccessCouncil.com after my presentation at FreedomFest (2015). Success Council was interested in getting some practical advice on how to help children inherit wealth without harming themselves, their family and their community. They had a camera on hand and recorded…
Read MorePrince The Idiot Savant
The Prince is Dead. Long live . . . ? Prince is dead. He died on April 21, 2016, at age 57. He had no children and no Will. Musically, Prince was a genius. Whether or not you enjoy his art, he was brilliant. A steady stream of creative energy and amazing music flowed out of him.…
Read MoreFamily Legacies
When estate planning is done in such a vacuum, even if your assets set up to take care of your family over time, the result will be devoid of the heart and history that went into the construction of it. Much like the legendary Library at Alexandria which housed countless volumes of priceless information, your life has been built with the hard-earned lessons and experiences that have been instrumental in making you who you are. When your descendants know where they come from and the kind of strength that lies behind them, they are empowered to move forward in the same spirit that brought them to this point.
Read MoreDynasty Estate Planning vs. Estate Planning
Typical estate planning focuses on avoiding the problems that arise at the point of death. Dynasty Estate Planning focuses on avoiding the problems that arise next, after avoiding probate and estate taxes. There are seven hallmarks of a Dynasty Estate Plan.
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