Over a decade ago, Empowered Wealth commissioned a study on the concerns and fears of affluent families. One of top concerns was the loss of legacy described in the essay below by Barry Lam. Mr. Lam, however, using the analogy of a perpetual voting right, takes the position that in essence the way estate planning has been practiced – perpetuating the wishes of the deceased – is misguided.
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Is it moral to respect the wishes of the dead, above the living? – Barry Lam | Aeon Ideas
Imagine what a country would be like if every person could secure a vote in elections that happened after their death. If you stated your preferences in your will, you could execute a vote for the conservative, liberal, Asian, or White Separatist …