Help, I'm Rich! by Stoute Kees;

Author:Stoute, Kees;
Language: eng
Format: epub
ISBN: 9781119020554
Publisher: Wiley
Published: 2014-10-29T00:00:00+00:00

Conclusion

In short, wealth structuring refers to the activity whereby you organize and structure your wealth in such a legally enforceable manner that many of your life and after-death wealth-related concerns are addressed.

One could argue that wealth structuring could be construed as a rich person’s duty and responsibility.

Note

1 Following the definition in “Investopedia” (www.investopedia.com), probate refers to the general administering of a deceased person’s will or the estate of a deceased person without a will. The court appoints either an executor named in the will or an administrator if there is no will to administer the process of collecting the assets of the deceased person, paying any liabilities remaining on the person’s estate, and finally distributing the assets of the estate to beneficiaries named in the will or determined as such by the administrator. As long as the assets remain under probate, the beneficiaries of the assets have no entitlement or access to these assets. The length of the probate process as well as the total costs of this process depend on the complexity and structure of the estate of the deceased.

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