Success creates financial complexity. A well-coordinated wealth management process will simplify decision-making and ensure proper execution.
Success Story: Preserving Your Legacy
Isn’t success supposed to be easier than this? That’s what Al always thought. However, the more success he achieved the more complicated everything seemed.
When things get hard we have three choices: deal with it, plan and make hard decisions, or decide to let somebody else worry about it after we are gone.
Al’s not the type to leave others to deal with his problems. He decided early on in his financial success that he would take action and make sure that the structure and planning were in place to take care of his family when they needed it. It was not easy, requiring ongoing updates and meetings with trusted advisors, but it was important.
Fortunately, he had worked to get the structure in place when he did. Fast forward a few years and Al was tragically diagnosed with Alzheimer's. This became an emergency all-hands-on-deck situation for his family and his advisers.
For many, a tragedy like this can create a financial crisis. In Al’s case, all his planning really paid off. The structure he worked hard to put in place provided an excellent piece of mind for his family while they worked through and managed his diagnosis and care.