FAMILY HERITAGE TRUST AND ARCHIVE
| Overview We all want to ensure that our lives had meaning and that we contributed to the world in order to leave something of value, either to those we care most about or for the world as a whole. The way to make your mark on the next generation needs to be protected from squander and abuse so that the lasting gift you give will stand the test of time. It’s often been said that only 10% of fortunes made have been passed on to future generations, the other 90% have been squandered and by the third generation, financial wealth has pretty much disappeared. It is a known fact, that people who have had to work hard for their money appreciate it and want to protect it whereas people who inherit wealth or win it are inclined to squander it. Every single one of us wants to give our family the best opportunities in life, during our lifetime and after we pass away. The best way to do this is through the vehicle of a family trust because it has many legal and tax advantages and is specifically designed to protect your wishes for those who depend on you from creditors or such like. Setting up such a vehicle is often very expensive and complicated to understand for the layperson and the costs of overseeing your rules for the money or assets you want to leave others is very high. We also recognize that for many people, the need to impart their values and guidance to their children and grandchildren is very important for them, so any inheritance through the trust should include this.For the average South African, creating such a vehicle is simply unaffordable and leaves them with little option to pass on their wealth and assets with the hope that that will do the trick – and it almost always doesn’t. Solution To solve this problem, Myprotector created a heritage preservation trust and archive to give the average person a way to benefit from having a family trust, but without the huge cost of creating one if they don't have one already. This means that everyone can now benefit from the opportunities afforded to them via the heritage solution. Within your heritage planning section, you will receive the following benefits: 1 – A preservation archive with links to family members 2 – Trustee services to ensure your instructions so the use of that wealth is followed correctly 3 – A family heritage archive 4 – Much more…. In a nut shell, Myprotector created a way for everyone to benefit from heritage preservation solutions. For those who simply do not have assets to leave to the next generation, the fact that they can still pass on their values and guidance to future generation through the heritage archive gives them an opportunity to leave something even more special for future generations and give meaning to the life they lived. |