While I agree that everyone should invest in a better manner, Im more than a little sceptical about ‘misjudging scale, which is just a roundabout way of saying that people invested too much in a few assets. Isnt that just a way of saying that they should have diversified? Yes, of course, it is.
To think of your children as natural heirs and leave everything to them is a simple and noble thought. Do not allow your lack of preparedness or oversight to derail the implementation of this intent. Take estate planning seriously and apply strategic thought to it. Here s a checklist on how parents can transfer wealth to their children
How much a should a person with moderate assets worry about estate planning? How should a person go about making their assets easy for their survivors to find? What should a beneficiary do if their loved one died without an estate plan?