03/06/2022
** 3 Simple Ways You May Leave Behind Your Most Precious Gift**
What do you want to leave behind when you pass on?
Your cash? House? Business? Paintings?
What about your Values?
Isn’t your Values the most precious and memorable asset that will stay and stand the test of time?
What are the Values you want to impart? How would you sow such seeds of Values for your family’s everlasting blessing?
Perhaps you may effortlessly do that in 3 simple ways:
1. Love Cups
For your non-successor beneficiaries like parents and siblings, you may sow the value of gratitude and gratefulness with devoted cups of gifts perfect with love messages.
2. Love Taps
For your children and spouse, you feel committed to pass down your life values. If you treasure a close-knit family, you may set aside a Love Tap that opens and funds annual family vacations in time of joy. In time of crisis, this Love Tap may provide the most needed emergency fund to weather through storms and keep family together.
If you cherish education, you may likewise open the Love Tap for family scholarship or interest-free tuition loan (to inculcate the value of taking ownership in self-development).
3. Love Wells
Finally, for your business successor. You know the famous Chinese saying: “Wealth does not pass 3 generations.”. You want your successor to hold the fort, be strong and steadfast with principles, yet fluid and fearless with passion.
You may craft your handover to encourage entrepreneurship (e.g. Matching Injection of fresh fund from your Love Well dollar-to-dollar to revenue or equity).
Other conditional distribution of your fund can also be structured to align with tests that you may want your successor to go through in order to develop, groom and mold him or her into a resilient business owner!
Conclusion
The Love Cups, Love Taps and Love Wells are metaphors to various arrangements that you can make in your Estate plan to achieve your desired outcome.
What matters most is whether you care as long as you live or as long as they live?
