By: John Hillman, CFP®, ChFC®, CLU, CLTC
There are three, and only three, possibilities of what will happen to the wealth you have accumulated, and they all begin with the letter “C”:
- Your wealth will be consumed by you, and perhaps by a spouse or partner, as the primary beneficiaries of your fiscal success, and/or
- Your wealth will be confiscated primarily through the payment of taxes, and/or
- Your wealth will be contributed–given voluntarily to people or to organizations
That’s it. That covers the waterfront. There are no other possibilities.
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