Gone are the days of creating legal structures to hold your assets, pass your fortune on to the next generation and, of course, avoid paying estate taxes. Gone are the days of planning for your death. It’s time to plan for your life.
Most of the time, estate planning lawyers fail to integrate your pursuit of happiness and well-being into your estate plan.
Estate planners may very well help you tidy up your affairs for when you die, but who is helping you with your life decisions?
But Bill Gates, Steve Jobs, and Jeff Bezos, are not motivated simply by creating wealth. They are motivated by creating value, and they all did so first at the cost of tremendous sacrifice.
What you have already done in terms of estate planning can most likely be salvaged and incorporated into a more effective legacy plan.
The biggest mistake made by clients when it comes to estate and legacy planning is that most fail to actually implement their plan.