No one wants to leave a legacy of chaos and mayhem

She writes “In my experience, the last thing recent creators of great fortunes do is expend energy on contemplating their mortality. But, as their lawyer, I see it as my role to provoke them into making personal planning a priority — they need some elementary “death admin”, with their will as a starting point.

Will preparation and related activity are a cornerstone of my practice and I come out in a rash when I discover that successful entrepreneurs do not have a will. I am not sure it is so much that these people have no interest in auditing their lives and adopting a plan, more that it involves devoting time to working out what is needed, bringing up complicated financial and emotional issues — and, for some, this is on the “too difficult” pile. I have never come across a client who refuses to make a will, but it can be a long-drawn-out affair.”

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