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Help, I m Rich!: Your Compass to a Value-Adding Private Banking Experience by Kees Stoute

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Part Five Conclusion

Lack of order will turn a millionaire into a beggar.

—Mayer Amschel Rothschild (1744–1812)

Do you think I need to structure my wealth?” As we have seen in this chapter, structuring serves many purposes. During hectic day-to-day life, while feeling on top of the world, it is tempting to postpone the topic of wealth structuring. Wealth structuring is complex, demands a lot of scarce time, and costs money. Why worry about it today?

In view of what you have read in this part of the text on wealth structuring, it should be clear that you had better worry today, as today you are still able to worry. What happens to your company, your money, your family, and your pets when suddenly and unexpectedly you lose that ability? If history provides any predictive value, it is highly likely that without adequate structuring:

  • Your dependents will start quarreling about the inheritance, thus affecting the harmony in the family.
  • Your family company will lose most of its value.
  • Your wealth will become a public affair.
  • The government will decide on the distribution of your assets as well as who will become the guardian of your minor children.
  • Your tax bill will be higher than necessary.
  • Your creditors will be able to attack your estate.
  • Your favorite charitable organization won’t receive a single cent from you anymore.

Your wealth does not end when you take your last breath. When you depart this world, your wealth starts a new journey with a new destiny. Your guidance will ...

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