What is Estate Planning and Why is it so Important?
Almost everyone has experienced or heard of a person dying leaving children, relatives, or friends to handle final affairs and dispose of property left behind.
Even when the dying person has done everything right in terms of creating an Estate Plan. The weak link is the person who is left in charge of administering their estate. In most of these cases, they are not aware of the enormity of the task before them. This is magnified when there are beneficiaries who may not get along with one another and or disagree with their portion of the inheritance and commence litigation to resolve the matter.
It is recommended that you create an environment that will allow your families to address these KNOWN certainties in advance. It is only through education, training, and family/Group meetings that these potential issues can be resolved BEFORE they begin. This is the second problem. The first problem/opportunity is to get your parents and children to engage in the Estate Planning Process initially, no matter the size of their current Estates. This will allow proper discussion and planning to begin taking place to get into our DNA.
Families and Communities change character when the older more established generations begin to age and pass away. The Family earner(s) are no longer present and those who remain do not have a clue about what to do next because they were NOT prepared for such an inevitable occurrence. The failure of individuals to understand this important wealth-building opportunity and process leads to gentrification, homelessness, poverty, and generational curses. Estate planning involves being raised in a loving, nurturing, and organized home from the beginning of LIFE to the end of LIFE where all parties understand their duties and understand that LIFE transitions will occur which they must be prepared to properly manage.
The goal is to help you not only to understand your LIFE journey [Find Purpose] but to be taught how to create a proud family legacy in the Creation, Accumulation, and Preservation of Wealth for generations to come. The goal is to train YOU and future generations to receive, manage, and competently grow any wealth left behind.
Any beneficiary and or proposed trustee should be required to enroll in this program before they can receive any inheritance. Beneficiaries need to stop being so quick to sell and destroy their parent's legacy. This workshop will help children to understand not only the work, sweat, and tears, it took for you to accumulate your wealth. They will be taught to understand the wealth-building opportunity and appreciate the gift being left behind. Since they don't make more land, this selling of property allows corporate landlords to move in to buy up land and raise rents. This is gentrification which is the major cause of poverty in our communities when parents fail to plan and/or train the next generations to carry on their Legacy. When this is NOT done properly. Individuals and Communities will continue to suffer.
ENROLL IN MY 52-WEEK FAMILY WEALTH WORKSHOP
Rev. Dr. Claud A. Sinclair, Esq.
At Your Service!
Let Me Be Your Family and Business Mentor
LEARN TO BE MORE AND THRIVE!
