This is important to think about, it’s how you create a generational legacy.
For example, in my family, we don’t allow family members to be placed into Nursing Homes or similar care facilities. We do whatever is necessary to keep them at home or with family.
You can do the same thing with your family. This allows you to pass down guidance about how you want to treat your loved ones and relate to the world around you. It gives your children and future generations a jump start on thinking through values. And it creates a strong sense of purpose, belonging, and family identity.
This is one of the things we cover during our design process.
Wealth does not have to just be the assets that you've acquired during your life. It can also mean the values that you want to impart to the next generation.
Even if you are uncomfortable about death, you can still think about it as a way to help you live life to the fullest.
I have a necklace from Ryan Holiday with the phrase “Memento mori,” which means “Remember that you have to die”.
So many people try to avoid this thought and end up feeling stressed or anxious about the future. But they are stressed out for a reason…
Remember: failing to plan is planning to fail.
I’ve found that simply going through the process of planning for the inevitable is truly freeing in so many ways.