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“Career is one of the most important projects in people’s lives.”
It is also a main concern in inheritance planning as many parents fear that money may harm their children’s engagement in a successful career. So much so that the use of legal vehicles such as incentive trusts and limited inheritance is common among wealthy families.
Check this month bulletin to learn how a non-fear-based approach can be pursued.
What is the difference between estate planning supporting a beneficiary financially and estate planning supporting a beneficiary’s financial well-being?
The difference is not a minor detail when it comes to inheritance planning. Each interpretation will yield a different approach to when, how and how much to give to your children.
Click on this issue to learn more about it.
The focus of the estate planning should be to inspire, encourage, and support autonomous motivation by facilitating autonomy, competence, and relatedness – the three basic psychological needs we presented in our December 2023 Bulletin.
Click in the image to access the full bulletin and learn about estate planning that supports beneficiaries’ financial well-being.
With the emergence of positive psychology and well-being science, a new angle of study offers insights on the benefits of giving for the charitable donor.
Learn about the elements and components of well-being science that can be incorporated in your estate planning and support well-being for you and your family members.
A key concept we tell parents is that money is more helpful to children’s well-being at earlier stages of adulthood rather than at later ones. We draw on seven sources of research and empirical data to support our Lifetime Inheritance for Well-Being Model.
Learn about the LIFETIME INHERITANCE FOR WELL-BEING MODEL in the November’23 edition of the Well-Being & Inheritance Bulletin