The other day I was meeting with another professional in our Bloomfield Hills office and we started talking about financial and estate planning. We both shared the view that estate planning is more than just passing along assets to the next generation. Estate planning is about passing on a legacy.
Included in a legacy are family values, beliefs and spiritual principals. I argue passing down this legacy is more important than just financial assets.
Included in a legacy are family values, beliefs and spiritual principals. I argue passing down this legacy is more important than just financial assets.
If you leave your estate to an 18 year old with no restraints or no
values, then chances are that 18 year old will make poor decisions with
how to handle the wealth and distribution. On the other hand, if you
consider the values you want passed down, which can be incorporated
into the holistic estate plan, then that wealth will not be wasted and
can endure and grow with heir.
-Christopher J. Berry, Esq.
Farmington Hills Estate Planning Lawyer
-Christopher J. Berry, Esq.
Farmington Hills Estate Planning Lawyer
