Before you have anything to pass on, you must become a PTL with at least two or three PTL's who have 2 or 3 PTL's each. When you have this kind of structure your income will be ensured. Then all you need to do is designate where the income will go.
You could then set up a business structure that is incorporated or an LLC. this gives you structure so that those who you are interested in inheriting something from the business will have a role in the business, helping to ensure that it will continue.
You could have a family trust where the income from SFI is going and thus distributed to your family as per your instructions if you don't want to set up a regular business structure.
When you have your business so substantial that it continues on autopilot, your biggest challenge would be distributing the proceeds to your beneficiaries. Without someone nurturing and continuing to work the business it will gradually decrease in value as the PTL's will not have a definite interest to keep up your business but will be concentrating on theirs.
Before you have anything to pass on, you must become a PTL with at least two or three PTL's who have 2 or 3 PTL's each. When you have this kind of structure your income will be ensured. Then all you need to do is designate where the income will go.
You could then set up a business structure that is incorporated or an LLC. this gives you structure so that those who you are interested in inheriting something from the business will have a role in the business, helping to ensure that ...more
