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- Herausgeber: WS
- Kategorie: Ratgeber
- Serie: Generational Wealth
- Sprache: Englisch
- Veröffentlichungsjahr: 2024
Legacy planning is essential for everyone, regardless of their assets. It involves making thoughtful decisions about managing your legacy and ensuring your loved ones are cared for. Starting the legacy planning process early allows you to take control of your financial future and create a legacy that lasts for generations to come. Asking meaningful questions to guide your decision-making is crucial in building a positive legacy for your loved ones, as your choices can make a world of difference.
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This is an independent publication, and the views expressed by the author are her own. While every effort was made to ensure the accuracy of the information published, the author does not take responsibility for any loss or damage suffered by anyone, whether directly or indirectly, due to reliance on the information herein. No portion of this book may be reproduced without written permission from the publisher or author except as permitted by U.S. copyright law. The publishers do not assume responsibility for any interpretation or actions based on the content. It is crucial to seek relevant advice before relying on any information. Given the different practical rules, applications, and legislation in each country, jurisdiction, and region, as well as the complexity of estate and legacy planning, it is essential to obtain expert support.
Copyright © 2024
All rights reserved.
Contents
INTRODUCTION
Join us on this journey to create more legacy families.
Creating and collecting our own “Nine Golden Keys” inspires the family's legacy and makes each generation count.
Legacy planning is a deeply personal process that requires careful thought and consideration. It is about ensuring that your loved ones are cared for and your wealth is safeguarded for the future. Many people mistakenly believe that legacy planning is only for the wealthy. What does wealth mean to you, and how do you define your legacy and that of your family? How does your family define your legacy? You can experience and create a genuinely inspiring legacy during your lifetime that will outlive you.
Each generation should pursue essential knowledge and personal empowerment to ensure the family's progress. It is crucial to break any negative cycles that may have led to complex family situations and redefine the meaning of wealth and what wealth means to the family. Taking proactive steps is vital to prevent poverty, be it mental or physical, from persisting into the third generation and beyond.
Legacy planning involves so much more than just money and possessions. It is about making thoughtful decisions to secure your family's future during your lifetime, and it is a way to guide and support your loved ones now and after you are gone. Legacy planning involves various steps and practical applications. Taking the initiative to plan for your legacy and that of your family will enhance your chances for a dynamic story.
Critical questions to unlocking the legacy planning:
Do you want to ensure the well-being of your loved ones?
Do you want to be prepared for your wealth journey?
Do you want to shape your legacy or let someone else control it?
Some specific strategies and tools can help families improve their chances of success while saving time. Reflection is a necessary stage of your family's generational evolution:
During the final stages of our lives, we regret neglecting what truly matters and not acting toward our aspirations. How will you change this?
Do not delay; take inspired action toward a well-crafted life. Which actions take center stage?
Congratulations on purchasing this book and committing to improving your legacy story. How will you implement the change and integrate it into your family story?
ABOUT THE BOOK
It can be challenging to focus people's attention on the right things, especially when everything is going well. However, it is essential to consider our actions during these periods. Change is constant in people and situations; failing to plan for a crisis can lead to undesirable outcomes. A legacy plan can provide additional protection during challenging times.
The book introduces a fresh perspective on collaboration for your legacy planning for all families while respecting the existing framework. It presents traditional and practical considerations for legacy planning by integrating the concepts into daily life. It emphasizes the importance and value of having at least one estate plan for each family member and, if possible, striving to let the plans work harmoniously, creating a dynamic legacy for the family.
The book emphasizes the importance of intentional alignment, whenever feasible, to build a brighter future for all family members, irrespective of their wealth. It also emphasizes that with understanding, all families can integrate wealth into their family story and protect what is most important.
The concepts of "Estate Planning," "Legacy Planning," "Financial Planning," and "Wealth Planning" all work toward securing a stable future for individuals, their families, and loved ones. While these terms are frequently used interchangeably, this book focuses on estate and legacy planning. It explores specific concerns, diverse family structures, legacy details, and solutions. However, it is not an all-encompassing manual for families; it is a tool designed to spark interest in legacy planning.
The message conveyed in the book is incredibly powerful. It seeks to inspire families to come together and plan for their legacy. Unlike many technical books tailored for financial advisors, this book is designed to raise awareness among families and stress the crucial significance of their economic well-being. The author's emphasis on taking small, consistent steps toward financial security offers hope and promises a brighter future for families.
When planning, consider significant tax implications based on your family's circumstances. Seeking guidance from a tax expert is crucial. However, this book does not offer tax advice or planning information; it focuses on a different purpose. It is essential to recognize that not all advisors are tax experts, so it is recommended that clients always seek tax advice from qualified professionals.
This book does not explore specific investment or risk products, as individual needs and family responsibilities vary. However, it does reference practical tips. Families should seek personalized guidance by consulting with experts in their respective fields.
The author urges everyone, regardless of family status, to delve into important subjects, research unfamiliar terms, and equip themselves with knowledge, wisdom, and involvement. The author encourages families not to hesitate to seek information or ask questions.
