Have you considered how you will leave your heirs to inherit the generational wealth you’ve accumulated in #Bitcoin ? I don’t mean merely handing down keys, I mean handing down the wisdom and understanding such that they don’t squander it but rather nurture it for the generations to come? https://v.nostr.build/B1SghHkfZUEwxqm3.mp4 nostr:note14aff47qq2pn72pdsgqhv6fz0k6tnnyfgykz7gw5r9anu5sh0tjqshgv0y6
Bitcoin is John Galt’s engine
I have always thought that any assets I leave to any heirs will be strictly subject to conditions. Namely, liquidation not allowed. I need to find the exact legal vehicle to achieve that purpose, but I'd sooner liquidate everything myself and burn it living my last years than hand it down if there's a chance that some idiot descendant ends up doing that same thing when they're 25.
That’s on you to better educate your heirs. You’re looking for the cop out that solves problems on your behalf. Don’t shy away.
Meh, there's a reason why people with substantial assets create trusts. The amount of education you can give is limited, and people are retarded.
Classifying your own heirs as retarded is most definitely a cop out. They may actually be, but you’ve got the opportunity to educate them in a way you don’t with normies. If you can’t get them to a point where you’ve informed them why they shouldn’t waste your inheritance then that’s most definitely on you. Your job at that point is to provide the education to continue your lineage. To ensure your wisdom is passed on and remembered generations from now. No-one else is going to do it for you. And you’d be a fool if you don’t think people like me will be teaching their heirs to exploit yours..
I hear what the bloke says, but fuck me this is nearly impossible for any middle class family. Recently inherited a house. Taxman demanded ~15% of the house value in estate taxes. That’s north of 2 years annual salary saved up to pay the taxman. Good luck with that. There’s truth in what he says, but any regular family home isn’t worth the sacrifice to save up that much money for. Most people end up cashing in and spending the money, probably on stupid shit. Welcome to the fiat brain doom loop.