don’t let your grandkids suffer Paris Hilton syndrome
If you are like you, you cringe when you see what Paris Hilton and others have done with their inheritance.
Think about how you would feel, if she were your granddaughter and she was using your money to ruin her life.
Most people are not aware that you can design your legacy with incentives.
You can’t control everything your heirs do with the inheritance you give them. However, you can design incentives to reward behaviors that you value; e.g. getting and education or starting a business.
Having incentives to do things is often what pushes people into action.
Thankfully, there are ways to leave an incentive-based legacy to your children and grandchildren, while protecting family unity and discouraging Paris Hilton syndrome!
Retire Abundantly Quote
"It is better to live rich than to die rich."
-Samuel Johnson
