The process of shaping and fashioning their characters does not stop at the end of their formal education but continues thereafter and there is no reason why that should not continue after your death
Beneficiaries will naturally be of differing characters and persuasions, some better formed and informed than others. They come in many shapes and sizes and can range from the very spoilt to the fairly sensible. The process of shaping and fashioning their characters does not stop at the end of their formal education but continues thereafter and there is no reason why that should not continue after your death
If you are leaving substantial wealth it is all the more incumbent upon you to make sure that those who have the benefit and stewardship of that wealth should have the necessary educational, financial and other skills to make sure that the best part of your wealth is used for the best of purposes.
If you are leaving substantial wealth it is all the more incumbent upon you to make sure that those who have the benefit and stewardship of that wealth should have the necessary educational, financial and other skills to make sure that the best part of your wealth is used for the best of purposes. It is important that the family ethos is well considered and developed by you as part of the estate planning process.Define what is meant by family ethos, it will be a number of things, occupation, culture , background, size heritage and so on
Your professional advisers should be made aware of more than just the beneficiaries names and ages. They should grow to know each other well. This hopefully enriching relationship, will allow them to better advise on suitable Incentives and possibly much more.
The values and heritage of a family are an important element of the ethos of a familyThese are subjective considerations for every family or its grouping, though there will be common threads
It is important that the family ethos is well considered and developed by you as part of the estate planning process.Define what is meant by family ethos, it will be a number of things, occupation, culture , background, size heritage and so on
The value of a family is not just in its financial wealth but also its human and intellectual capital. Including also the skills and accomplishments that a family has and how well the members of the family connect and bond with each other, together with the social compact between the generations. All these and other pertinent factors matter greatly when considering how best to decide on incentives
The person developing the estate plan should bear the overall wealth and attributes of the family in mind, so that a will is created which fashions and preserves the family ethos for the good of all.Family here refers not just to fathers, mothers, children and grandchildren, but may extend to uncles, aunts, nieces, nephews, cousins etc depending on the family and what bonds exist.
The person developing the estate plan should bear the overall wealth and attributes of the family in mind, so that a will is created which fashions and preserves the family ethos for the good of all.Family here refers not just to fathers, mothers, children and grandchildren, but may extend to uncles, aunts, nieces, nephews, cousins etc depending on the family and what bonds exist.
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