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.
Newsletter articles are posted every 2 weeks.
If you would like to have our e-newsletter delivered directly to your inbox, please sign up. Your information is confidential; you can unsubscribe at any time. Subscribe.