DO YOU HAVE AN EQUAL OPPORTUNITY TRUST?
Setting Your Family Up for Lasting Success
Learn more in Doug’s groundbreaking book, “Entitlement Abolition.” Order your free copy at EntitlementAbolition.com.
Does your family have a trust in place? When we ask Utah audiences this question, about a third of the hands go up. In
California, about 90% of the hands are raised.
We then break the news that their families will likely never read any of it, except the one page where it says how much they’re going to get. Why? Because most trusts are based on equal distribution of financial assets only. Most attorneys and estate planners don’t know how to help families create a trust that goes beyond “divide up the pie in equal slices.” On the other hand, the advisors we endorse help clients develop an Equal Opportunity Trust, which sets the stage for generational wealth. It brings new life and resources to future generations in a way that fosters responsibility and accountability. With an Equal Opportunity Trust, you have in writing a plan for your children, grandchildren, and future generations to continue carrying out your family’s KASH Blueprint. They will be able to borrow from the family bank for things like education, charitable efforts, personal emergencies, and more. As they repay the bank at low interest rates, the cash continues to fund the KASH in perpetuity. As the money in the bank is placed in smart financial vehicles, such as properly structured, maximum-funded Indexed Universal Life policies (what we call IUL LASER Funds), it can continue to grow, as well. This way, the family Legacy Bank is a repository for more than just money. It’s also where your family’s growing foundational and intellectual assets are gathered and shared, in printed or digital form. It essentially
becomes the Fort Knox for all things valuable and abundant in your family.
In the Andrew family Legacy Bank, Doug and Sharee have put together an official, written document that encapsulates their rules of governance for situations like taking “loans” from the family bank for education, religious missions, business ventures, etc. The document goes beyond outlining guidelines for just the Financial Dimension, however; it includes their approach for capitalizing on the Foundational and Intellectual Dimensions of Authentic Wealth, as well. They have designed their Equal Opportunity Trust to ensure the future generations of their family will have equal opportunities to participate in the family’s abundance, but only with accountability and responsibility. Want to help your family’s future generations reap similar rewards? Make this YOUR time to establish your rules of governance and empower your family for great things to come.
4 3DimensionalWealth.com
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