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  • Home
    • About Harik Thompson
    • Team
      • Patricia Bell Harik
      • Kevin Thompson
      • Shylesh Viswanathan
    • Affiliation
  • Services & Industries
    • Accounting Services
    • Business Consulting
    • Entertainment Industry
    • Estates and Trusts
    • Financial Planning
    • International Taxation
    • Tax Strategies
  • Insights & News
    • Santa Monica Office Announcement
    • Principal Announcement
  • Client Resources
    • Client Portal
    • Tax Forms & Resources
  • Payments
  • Contact

​Leaving a Legacy for Your Family in the Future is All a Matter of Arithmetic

10/20/2021

 
Imagine this. If you put $100K away for 150 years, at 8% your grandchildren or your great grandchildren would be worth a BILLION dollars.
The new Biden tax law seeks to limit infinity trusts, but you don’t need infinity. And if you can afford that single lump sum, you can leave a valuable legacy for your progeny.

Wouldn’t it have been nice if one of your ancestors had invested $2,500 to benefit future generations of your family? If it had been strategically invested the compounding returns on that investment would have been worth $1.4 BILLION today.

Unless you have access to a time machine you can’t go back to change the past but if an investment of $100k is doable for you, you could make a huge difference in your family’s future. Why not create a trust or even a smart contract to make something like that happen?

Even $50,000 invested wisely with a 10% return would be worth $73 BILLION in 150 years.

Think about it. If you plan wisely, you could decide how that money would be spent and allocated to make a difference in the world for the future.

Would you like that money to go to a charitable cause instead? Leave legally binding instructions to have that wealth liquidated at a certain point and then donated to the charity of your choice.
​
Your wealth doesn’t have to end with you after you die. It’s something to think about.

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