Kak
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I put my wife as a beneficiary to everything. My son as alternative beneficiary. My brother is the executor of my will.
I have, in the past, had big term life policies that would benefit my companies and replace me as CEO with some even more expensive talent. I have since let the policies expire as the companies that will live on can just pay someone else.
I have a written document that explains where everything is. All the accounts and whatnot for my wife.
That’s really it.
When I ultimately have more kids, I’ll definitely put provisions in the will about them not fighting with one another or it goes to a family foundation and the only fight they’ll be able to have is what good to do with 60% of the foundation’s investment income every year.
For the most part, I intend to let my kids and grandkids benefit from what I build well before I die. As long as they aren’t a socialist, which they won’t be, but in the the case that they somehow end up there… Daddy government can be their new bank.
I intend to let them struggle, but struggle higher. If they are lazy and don’t make an effort, they’re on their own. But if they do, they have me and everything I’m worth at their disposal.
There are no guarantees in life, but I’m also only 31. So I’m sure this will become more and more complex as time passes.
I have, in the past, had big term life policies that would benefit my companies and replace me as CEO with some even more expensive talent. I have since let the policies expire as the companies that will live on can just pay someone else.
I have a written document that explains where everything is. All the accounts and whatnot for my wife.
That’s really it.
When I ultimately have more kids, I’ll definitely put provisions in the will about them not fighting with one another or it goes to a family foundation and the only fight they’ll be able to have is what good to do with 60% of the foundation’s investment income every year.
For the most part, I intend to let my kids and grandkids benefit from what I build well before I die. As long as they aren’t a socialist, which they won’t be, but in the the case that they somehow end up there… Daddy government can be their new bank.
I intend to let them struggle, but struggle higher. If they are lazy and don’t make an effort, they’re on their own. But if they do, they have me and everything I’m worth at their disposal.
There are no guarantees in life, but I’m also only 31. So I’m sure this will become more and more complex as time passes.
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