Successful planning has 4 goals:
- Adequate retirement income for the family
- Proper distribution of assets
- Tax reduction
- Adequate liquidity for debts and estate taxes
Two are legal and two are economic. When we have reduced taxes as much as possible and protected assets and distribution goals, when its done right, it confirms, corrects, provides clarity and conviction and releases an energy into other areas of your life. You can use some of that energy and consider taking another step and read the book Most Valuable. Traditional estate and legacy planning is broken. Some estates can be wiped out in 10 years. Using the ideas of "Family Bank" and Family Constitution may change your life and legacy and that of future generations.
