But, I've already done my planning!

Many people have spent considerable time and money completing their financial planning. And, as far as planning for the future of their money (that is, making sure that as much money as possible gets past the tax collector and on to the heirs!), most people have done a pretty good job.
But, planning for the future of your family is not the same as planning for the future of your money. Studies show that 90% of the time the money is gone by the end of the third generation. That means that 10% of families are doing things right.
Think of a family (or families) who have kept their families and their fortunes together for multiple generations. What do you think they have done in order to beat the 90% inheritance plan failure rate?
But, planning for the future of your family is not the same as planning for the future of your money. Studies show that 90% of the time the money is gone by the end of the third generation. That means that 10% of families are doing things right.
Think of a family (or families) who have kept their families and their fortunes together for multiple generations. What do you think they have done in order to beat the 90% inheritance plan failure rate?


1 Comments:
This post has been removed by a blog administrator.
Post a Comment
<< Home