When a wealthy man dies, two things are likely to come to an end. His life comes to an end and his wealth is also likely to come to an end. No matter what he does his life will end one day. The only thing he can change is the life of his wealth. Unlike life that is destroyed with time, wealth has great flexibility of time. It can die as soon as a man dies or it can last far beyond the man. What determines whether wealth lives or dies is how a man chooses to die. There are two ways a man with wealth can die. He can choose to plan for death leaving his wealth in the hands of competent people who know what to do or he can choose to die a sudden death. When the family of a man experiences sudden death, it means death happened in an unexpected, unanticipated, and unplanned way. It also means that a man dies without a plan for his wealth. This is the worse way for a wealthy man to die.
Dying this way exposes a man’s wealth to death and the death of his wealth is a waste of his sacrifice. The best way for a man to die is for him to prepare for death and make plans for it long before death occurs. When he dies this way he experiences death in a more organized and peaceful manner with little impact on his family, wealth and businesses. But many wealthy men never die this way. They die leaving their families in shambles. Their death brings untold pain to family members who try to take charge in their absence.
The reason these men die this way is that they live in denial of their mortality. They reject it, block it out of their minds and think they can gamble on how long they will live. Some even think that planning for death makes death happen faster. They fail to understand that the distance between them and death has nothing to do with having a plan. Planning for death makes death less painful and not faster. Whether a man chooses to plan for death or not his life will end. It is better for him to plan and be in a ready mode than for him to be taken by surprise.
For example, the term “Operation London Bridge” is a code name that signifies the event that will happen in the days after the death of her royal majesty Queen Elizabeth II. In her case, death cannot be sudden neither can it be a sudden experience for the entire United Kingdom. As the king of your own castle and the owner of your own kingdom you give yourself and loved ones great mileage when you plan. What a sad thing it will be to lose all your years of hard work shortly after your exit. You can prevent that from happening now. By preparing yourself, family and business to manage a catastrophic event like death. You make your departure less disruptive and painful for your loved ones.
One of the ways you can prepare is to stage a fake catastrophe. This can be achieved through our staged Catastrophe program. The staged catastrophe program comprises a series of organized goal-based events. These events will help you see first-hand what will happen to your family and business in the event of a catastrophe. Staging a catastrophe will give you a near-real experience of how things will run in your absence especially when people believe that you may not be coming back. At the end of a staged catastrophe program, you will be able to see the current level of preparedness of your family and key stakeholders.
You will also be able to access how they respond to and manage a catastrophic event should it happen. The goal of staging a catastrophe is to reveal to you the true state of preparedness of your key stakeholders. It is also to show you what you need to do today to improve that level of preparedness if you are not happy with it. The staged catastrophe program is like what you experience during a staged fire drill exercise that you are unaware of. If during a staged catastrophe your family members and key personnel act confused and disorganized. Then a lot of work needs to be done to take them from a confused state to a state of preparedness. There is no greater test of the viability of a succession plan than to fake the absence of a family leader and CEO.
To prepare for your own death is not an easy thing to do. But it is necessary when wealth and the lives of your loved ones are in the picture. At the least, your family members and business executives must know these three things. They must know what to do when death or incapacitation occurs in relation to the management of your finances, family, and businesses. They must know who handles what role in the family and in your business. They must also know how to find important documents and key relationships that will make the transition process easier.
When a catastrophe happens, people grief but businesses and life must go on. The company needs immediate help if it is to survive the loss of its key man, and family members need to be able to stand on their two feet. Life should not stop with the passing away of a family leader or head of an organization. Making sure your loved ones have all the vital information they need to carry on your affairs is the best gift you can give to them now. If you decide today to help your family and executives carry on your wealth legacy and wish exactly the way you want it to be. You can achieve that now through the staged catastrophe program.
To prepare your family and key personnel to manage catastrophe well, text “Staged Catastrophe” to 08101860042
The members of your Family and key stakeholders may run your affairs when they know you will return. What happens when they know you will not return?
is a provocative truth-telling wealth advisor, author of the popular Solid Wealth Book, a multi-millionaire entrepreneur, Consultant and Coach to an exclusive list of top Executives, Investors and entrepreneurial clients running Businesses from $1-million to $1 billion in size. Grace can help you grow existing wealth and make your wealth irreversible across many generations.