Dawn Jinsky argues that structuring an inheritance as a "faucet" provides better financial control and ensures heirs are prepared for wealth management, unlike a sudden "firehose" approach.
By distributing assets incrementally, families can mitigate risks of heirs squandering large sums, and also guard against potential divorce or creditor claims on their riches.
Implementing a trust with controlled disbursements not only protects wealth from rash spending but also aids tax strategy, providing long-term benefits for heirs.
Jinsky emphasizes that the ultra-wealthy prefer gradual asset distribution to prepare heirs for financial responsibility, reflecting a crucial lesson for those planning their own inheritances.
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