We all have heard of the age-old adage which goes "An apple does not fall far from its tree". But does such an adage even apply anymore? What will take place for certain however is that our valuable and cherished assets in our estate will one day be passed on to your successors. And what then in turn will they make out of it?
The prevailing reports do not at all paint a promising picture for future generations. Millennials (born 1981-1996) are portrayed as "..frivolous spenders squandering their income....." while Gen Z (born 1996-2012) are not much better off when they choose the mantra of "self-care is extremely important" to justify their taking on of uncontrolled debts.
So, what can and should one do to keep future generations from impending failures and excesses? Writing a Will alone, unfortunately, does not effectively address this concern. But creating your family trust will; as it has been shown and proven to be one of the best decisions you can make to safeguard your legacy and ensure the well-being of future generations.
Let us at Generations-ASIA share and explain how and why Trust is absolutely the best way to properly and effectively preserve your wealth and heritage for multiple generations to ensure your family's posterity.
Comments