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Craft an Appropriate Inheritance

All assets are not financial. As detailed in the True Wealth area of this website, there are asset classes that most people consider of significantly greater value and worth than their financial assets. 

Unfortunately, the act of distributing financial assets to heirs can often destroy values that people hold far more dearly than the financial assets they are distributing. For example, when our clients list the character traits they value, personal responsibility, self esteem, and personal work ethic often rate highly. Yet, the passing of a large amount of "unearned" wealth on heirs often destroys those character values in the lives of the heirs. 

At some point in the planning process, we encourage our clients to determine "How much is enough?" In other words, what is an appropriate inheritance for each family member? Is equal distribution the only fair distribution? What do you think the inheritance you leave will accomplish? Will leaving too much destroy any of the values you hold dear? What are the alternatives? 

We help our clients "craft an appropriate inheritance for family members that can help fund life opportunities for them without unintentionally passing on such a large inheritance that it ends up allowing children and/or grandchildren to choose an unproductive life, living off their inheritance." (Jay White)